Fully renovated, income producing duplex with separate cottage, located close to Barry University. This turnkey multi family property is ideal for investors seeking strong rental income in a high demand area with additional upside potential.
The property has been thoughtfully updated with new kitchens and baths, plus washer and dryer in each unit, offering clean, modern living spaces. In addition to the duplex, there is a detached cottage in the rear that allows for additional rental income, creating a flexible income producing setup within one property. Currently generating $8500 per month, this property presents an established income stream in a thought after pocket, between Biscayne Park and Miami Shores that continue to see consistent rental demand driven by students, faculty and local professionals. A solid, renovated asset in a proven rental market, with strong appreciation potential.
- Swimming Pool
- Heating System
- Cooling System
- Patio:
- Deck
- Parking
- Community Features:
- Laundry Facilities
- Roof:
- Shingle
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33161
- Street:
- 265 Ne 116th St, Miami, Florida 33161
- Longitude:
- W81° 48' 27''
- Latitude:
- N25° 52' 53.7''
- Building Area:
- 3,262 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 31
- DOM:
- 31
- Directions:
- North on NE 2nd Avenue to 116th Street; make a right.
- Exterior Features
- Flooring:
- Wood, Ceramic Tile, Hardwood, Laminate
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash
- Lot Features
- Parcel Number:
- 30-22-31-040-0050
- Subdivision Name:
- TRESULEE
- Tax Annual Amount:
- $14,669
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass, Blinds
Residential Income For Sale
265 Ne 116th St, Miami, Florida 33161, Miami, Florida 33161
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,398,000
- Square Footage :
- 2,860 Sqft
- Year Built :
- 1951
- MLS # :
- A11971232
- Property Sub Type :
- Duplex
