Home/Search/1429 NE 118th Ter, Miami FL 33161
1429 NE 118th Ter, Miami FL 331611 / 24
For Sale
Duplex

$720,000

1429 NE 118th Ter, Miami FL 33161

2

Units

1,892

Building SF

5700

Zoning

About This Property

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.

Property Details

MLS #:A12053910
Price:$720,000
Original Price:$749,000
Status:For Sale
Days on Market:53
Date Listed:Jul 16, 2026
Living Area:1820 sqft
Building Area:1892 sqft
Price per Sqft:$396/sqft
Year Built:1971
Property Type:Residential Income
Property Sub Type:Duplex

Heating:Central, Electric
Cooling:Electric
Flooring:Tile
Stories:1
Virtual Tour:Available

Architectural Style:Attached
Construction Materials:CBS Construction
Structure Type:Duplex
Roof:Shingle
Lot Features:Less Than 1/4 Acre Lot
Sewer:Other

Total Parking:6

Area/Region:Biscayne Court
Zoning:5700

Price per Sqft:$396/sqft
Annual Tax Amount:$9,094
Tax Year:2025
Listing Terms:Conventional, FHA, FHA-Va Approved, VA Loan
Possession:Funding
Parcel Number:30-22-32-020-0800
Legal Description:BISCAYNE COURT PB 12-8 LOT 18 BLK 5 LOT SIZE 50.00 X 140.00 OR 19259-1988 08 2000 1
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Listing courtesy of Casanova International Realty. Data last updated September 7, 2026 at 07:19 AM.