1429 NE 118th Terrace For Sale
Property Details
| Asking Price | $720,000 |
|---|---|
| Price per SqFt | $396 |
| Property Taxes | $9,094 2025 |
| Interior Space | 1,820 SqFt |
| Beds/Baths | —/— |
| Year Built | 1971 |
| Pool | No |
| MLS # | A12053910 |
Location
From the listing
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.
Listed by Casanova International Realty
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $9,094 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 1429 NE 118th Terrace, Miami, FL 33161
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11568921 | $595,000 | 10/23/24 |
| A10586933 | $380,000 | 2/18/20 |
| A10451129 | $340,000 | 10/19/18 |
| A2187276 | $195,000 | 12/4/15 |
Listed by Casanova International Realty. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
Ask Mark About This Listing
1429 NE 118th Terrace, Miami · MLS A12053910 · $720,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.