1429 NE 118th Terrace, Miami, FL 33161

New Listing

$749,000

Virtual Tour

https://sites.sfvt.us/sites/xxxbxre/unbranded

Property Type: Residential Income Square Footage: 1,892 Status: Active

Current Price: $749,000 List Date: 7/16/2026 Last Modified: 7/17/2026

Overview

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 ... (Read more)

Listing Details MLS# A12053910

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 1892
Living Area Main: 1820
Adjusted Area Main: 1856
Year Built: 1971
Parking Total: 6
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: None Flooring: Tile Property Condition: Resale Structure Type: Duplex Construction Materials: CBS Cooling: Electric Heating: Central; Electric; Separate Meters Listing Terms: Conventional; FHA; VA Loan; FHA-VA Approved Possession: Negotiable Roof: Shingle Tax Information: Tax Reflects No Exemptions Utilities: Cable Not Available; Sewer Available Showing Requirements: Call Listing Agent Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking Unit 1 Rooms: Family Room; Kitchen; Laundry Room Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking

Contract Information

Comp Sale YN: No
Original List Price: 749000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1429
Street Direction Prefix: NE
Street Name: 118th
Street Suffix: Terrace
City Name: Miami
Municipal Code: 30
State Or Province: FL
Postal Code: 33161
Postal Code +4: 6919
Postal Zip: 33161
Subdivision Name: BISCAYNE COURT
Area: 2220
Elementary School: David Lawrence Jr. K-8
Middle Or Junior School: North Miami
High School: Alonzo and Tracy Mourning
Parcel Number: 3022320200800
Subdivision Number: 20
Zoning: 5700
Flood Zone: AE

Financial Information

Tax Annual Amount: 9094
Tax Year: 2025
Tax Legal Description: BISCAYNE COURT PB 12-8 LOT 18 BLK 5 LOT SIZE 50.00 X 140.00 OR 19259-1988 08 2000 1
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-07-16T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-17

More Information

Meter Information

Separate Electric Meters YN: Yes

Income and Expenses

Gross Income: 4350

Unit 1 Details

Actual Rent: 2250
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 2100
Baths Full: 2
Efficiency YN: No

Unit 2 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 411.53

Section Details

Parcel Number MLX: 0800

Originating Details

Originating System Key: 531616980
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes

Property Condition

Resale: Yes

Documents Available

None: Yes

Structure Type

Duplex: Yes

Possession

Negotiable: Yes

Utilities

Cable Not Available: Yes
Sewer Available: Yes

Heating

Central: Yes
Electric: Yes
Separate Meters: Yes

Construction Materials

CBS: Yes

Listing Terms

Conventional: Yes
FHA: Yes
VA Loan: Yes
FHA-VA Approved: Yes

Roof

Shingle: Yes

Cooling

Electric: Yes

Showing Requirements

Call Listing Agent: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Unit 1 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Open Parking: Yes

Listing Office: Casanova International Realty

Last Updated: July - 17 - 2026

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1429 NE 118th Terrace, Miami, FL 33161 (MLS# A12053910)