
$749,000
Apartment for Sale, 1429 NE 118th Ter, Miami, Florida 33161
- MLS#A12053910
169 m² (1,820 ft²)
Listed By Casanova International Realty
The Apartment for Sale located at 1429 NE 118th Ter, Miami, Florida 33161 is currently for sale.
Description
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.
Location
1429 NE 118th Ter, Miami, Florida 33161
Property features
Property
- Property size:
169 m² (1,820 ft²) - Type: Duplex
Construction
- Year built: 1971
- Roofing: Shingle
- Construction: Cbs Construction
Interior Features
- Floors: Tile
Heating and Cooling
- Heating System: ElectricCentral
- Cooling System: Electric