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Homes for sale in Miami
Duplex

1429 NE 118th Ter

Miami, FL 33161
$720,000
Sq ft
1,820
Year built
1971
Price per sq ft
$396

Listing courtesy of Lazara Cruz-Casanova, Casanova International Realty

About this home

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.

Details

Property

Type
Duplex
Style
Attached
Building
Duplex
Year built
1971
Stories
1
Building name
BISCAYNE COURT
Subdivision
BISCAYNE COURT
County
Miami-Dade County
Flood zone
AE

Interior

Flooring
Tile
Cooling
Electric
Heating
Central, Electric

Exterior and parking

Construction
CBS Construction
Roof
Shingle

Community and fees

Annual taxes
$9,094
Terms
Conventional, FHA, FHA-Va Approved, VA Loan

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 7, 2026.