Duplex in 1429 NE 118th Terrace, Miami, FL 33161 for sale with MLS# A12053910
Turnkey Income-Producing Duplex! Don't miss this exceptional investment opportunity in the growing Biscayne Court area of Miami. This well-kept duplex consists of two spacious 2-bedroom, 2-bath residences, each featuring central air conditioning, tile floors, in-unit washer and dryer, separate electric meters, and private entrances. Currently fully leased with stable rental income of $4,400 per month ($2,250 and $2,150), offering immediate cash flow from day one. The property is ideally situated just off Biscayne Boulevard near Whole Foods, shopping centers, restaurants, universities, parks, and major commuter routes, making it highly desirable to tenants. Its central location provides convenient access to Downtown Miami, Miami Shores, North Miami, Aventura, and beautiful beaches. Whether you're a seasoned investor completing a 1031 exchange or a buyer seeking to offset your mortgage by occupying one unit while renting the other, this duplex represents an outstanding opportunity in a high-demand rental market with strong long-term appreciation potential.
1429 NE 118th Terrace, Miami, FL 33161
- Price:
- $720,000.00
- Original List Price:
- $749,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $395.6
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Duplex
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- September 7, 2026 8:19 am
- Living Area:
- 1,820 Sqft
- Built-Up Area:
- 1,892 Sqft
- Waterfront:
- No
- Air Conditioning
- Air Conditioning System:
- Electric
- Heating
- Heating System:
- Central, Electric, Separate Meters
- Year Built:
- 1971
- Roof:
- Shingle
- Number of Units Total:
- 2
- Levels:
- Two
- Construction Materials:
- CBS
- Flooring:
- Tile
- Number of stories:
- 1
- Structure Type:
- Duplex
- Number of Units in the Community or Building:
- 2
- Flood Zone Code:
- AE
- Property Condition:
- Resale
- Tax Annual Amount:
- $9,094.00
- Tax Year:
- 2025
- Property Tax Details:
- Tax Reflects No Exemptions
- Utilities Available:
- Sewer Available, Cable Not Available
- Subdivision Name:
- BISCAYNE COURT
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Conventional, FHA, VA Loan, Fha-va Approved
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- BISCAYNE COURT PB 12-8 LOT 18 BLK 5 LOT SIZE 50.00 X 140.00 OR 19259-1988 08 2000 1
- Real Estate Folio Number (Parcel Number):
- 3022320200800
- Zoning:
- 5700
- Elementary School:
- Miles-hb
- High School:
- Alonzo And Tracy Mourning
- Middle Or Junior School:
- North Miami
- Active on the market since:
- July 16, 2026
- Listing Agreement executed on:
- July 16, 2026
- Price change occurred on:
- September 7, 2026 8:19 am
- Listing Status Last Changed On:
- July 16, 2026 4:00 am
- Photos updated on:
- September 7, 2026 7:22 am
- Last Modified:
- September 7, 2026 7:22 am
- Courtesy of:
- Casanova International Realty
- Attribution:
- Not provided
- Street Name:
- 118th
- Street Number:
- 1429
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33161
- County:
- Miami-Dade
- Latitude:
- N25° 53' 7''
- Longitude:
- W81° 49' 50.6''
- Street Suffix:
- Terrace
- Street Direction Prefix:
- NE
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 1429 NE 118th Terrace, Miami, FL 33161
