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0 Baths
1,820 sqft

$720,000

1429 NE 118th Terrace, Miami FL, 33161

Price per sqft$395.60
Built in1971
Property size1,820 sqft
Property typeMulti-family

Overview

Active

Listed Jul 17, 2026

Updated 2 weeks ago

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.

$4,790/mo

Est. mortgage payment based on a $720,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$9,094
Tax Frequency
Annually

Listed with Casanova International Realty

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Data last updated 12:18 PM UTC, 9/23/2026

 

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