Rare opportunity to own a fully legal 3-unit triplex in a highly desirable Miami location near Biscayne Blvd, offered at $749,000 — approximately $250K per unit. This income-producing property features two 2/1 units and one fully renovated efficiency. One 2/1 is currently vacant and was previously renting for $1,850/month until September 2025 and is now actively marketed at $1,850. The second 2/1 is rented month-to-month at $1,750/month, and the renovated efficiency is leased at $1,395/month through August 31, 2026 with option to renew. The property is cash flowing from day one with strong in-place income and additional upside potential. If the two 2/1 units are renovated, there is a clear opportunity to further increase rents and maximize returns, making this an attractive value-add investment. Expenses are estimated at approximately $8,000 per year. All units are separately metered with tenants paying their own electricity. Water is included up to $75 per month, with any overage split among tenants. Prime central location surrounded by shopping centers, restaurants, businesses, and just minutes to Downtown Miami, beaches, and major highways, offering strong rental demand and long-term appreciation potential.
- Swimming Pool
- Heating System
- Cooling System
- Parking
- Roof:
- Other
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33161
- Street:
- 1220-1222 Ne 110th Ter, Miami, Florida 33161
- Longitude:
- W81° 48' 36.2''
- Latitude:
- N25° 52' 36.8''
- Building Area:
- 2,090 Sqft
- Construction Materials:
- Block
- Flooring:
- Tile
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,FHA,VA Loan
- Lot Features
- Parcel Number:
- 30-22-32-010-0370
- Subdivision Name:
- BISCAYNE SHORES CORR PLAT
- Tax Annual Amount:
- $8,212
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
1220-1222 Ne 110th Ter, Miami, Florida 33161, Miami, Florida 33161
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $749,000
- Square Footage :
- 2,090 Sqft
- Year Built :
- 1954
- MLS # :
- A11965310
- Property Sub Type :
- Triplex
