1243 NW 29th Terrace, Miami, FL 33142 (MLS# A12068774)

1243 NW 29th Terrace, Miami, FL 33142

$700,000
Property Type: Residential Income Square Footage: 2,276 Status: Closed
Current Price: $700,000 List Date: 8/10/2026 Last Modified: 11/11/2026

Overview

Description

Turnkey investment opportunity in the heart of Allapattah! This fully remodeled Triplex features three 2-bedroom, 1-bathroom units with immediate market rent potential of approximately $2,400 per unit. Extensive improvements include a brand-new roof, impact windows, new plumbing, updated electrical systems, new A/C units. With the major renovations already completed, this move-in-ready multifamily property offers minimal upfront improvements and excellent income potential. Situated on a large lot with ample parking, no HOA, and no rental restrictions. Ideally located in a high-demand, rapidly evolving Miami neighborhood with convenient access to major highways, Downtown Miami, Wynwood, Miami International Airport, and public transportation. Ideal for investors seeking strong cash flow and long-term appreciation, or owner-occupants looking to live in one unit and rent the others to help offset their mortgage. Easy to show—schedule your showing today!

Listing Details MLS# A12068774

General Property Information

Number Of Units Total
3
Property Sub Type
Duplex
Building Area Main
2276
Living Area Main
1792
Adjusted Area Main
1179
Year Built
1935
Parking Total
4
Stories Total
Yes
Pool Private YN
No

Property Features

Documents Available: Other Available Information Flooring: Vinyl Structure Type: Duplex Construction Materials: Block; CBS Cooling: Central Air Heating: Electric; Separate Meters Listing Terms: Cash; Conventional; FHA Possession: Negotiable Roof: Flat Sewer: Public Sewer Tax Information: City/County Utilities: Cable Not Available Water Source: Public Showing Requirements: Alarm System; Call Listing Agent; Lockbox; Showing Service Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 2 Parking Features: Parking Space Unit 3 Parking Features: Parking Space Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
775000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1243
Street Direction Prefix
NW
Street Name
29th
Street Suffix
Terrace
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33142
Postal Code +4
6626
Postal Zip
33142
Subdivision Name
WEST END PARK AMD PL
Area
2310
Elementary School
Santa Clara
Middle Or Junior School
Georgia Jones-Ayers
High School
Miami Jackson
Parcel Number
0131260391410
Subdivision Number
39
Zoning
5700
Flood Zone
X

Financial Information

Tax Annual Amount
6225
Tax Year
2025
Tax Legal Description
WESTEND PK AMD PL PB 6-142 W3FT OF LOT 8 & ALL LOT 9 BLK 7 LOT SIZE 52.000 X 125 OR 18487-3186 02 1999 6

Status Change Information

Major Change Timestamp
2026-11-06T05:00:00Z
Major Change Type
Status Change
Status Change Date
2026-11-11
Under Contract Date
2026-09-25
Close Date
2026-11-06
Close Price
700000

More Information

Income and Expenses

Gross Income
7200

Unit 1 Details

Actual Rent
2400
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 1 Lease Description

Occupant Type
Vacant

Unit 2 Details

Actual Rent
2400
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 2 Lease Description

Occupant Type
Vacant

Unit 3 Details

Actual Rent
2400
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 3 Lease Description

Occupant Type
Vacant

Buyer Details

Country of Origin
United States
Intended Use
Unknown/Withheld
Buyer State
Florida
Zip Code
33142

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
390.62

Section Details

Parcel Number MLX
1410

Originating Details

Originating System Key
546299204
Originating System ID
M00000151
IDX
Listing Office: Lifestyle International Realty
Source MLS Verified
Last Updated: November - 11 - 2026
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