Property Description

Income producing duplex + Cottage on a rare 12,750 SF lot (75′ x 170′) in a high-demand rental pocket between Biscayne Park and Miami Shores, on a block transforming with new construction. Fully occupied with strong consistent rental history – Income details in the broker remarks.The fully renovated front duplex offers two turnkey 2-bed/1-bath units, (~900 SF each) with new kitchens, new bathrooms, and in-unit laundry. A detached permitted rear structure adds exceptional flexibility -garage, studio, gym, office or guest space- l plus additional income potential. 6 parking spaces, concrete block construction (1951) and a deep backyard with mature trees creating a private, compound-style setting. Significant land value with redevelopment upside given lot size and neighborhood trajectory. Ideal for investors, multigenerational buyers and builders – live in one unit, rent the others, and hold for land. Turnkey income from day one.

Features
Swimming Pool
Heating System
Cooling System
Patio:
Deck
Roof
Sewer
Address Map
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''
MLS Addon
Building Area:
3,262 Sqft
Construction Materials
Cumulative DOM:
217
DOM:
36
Directions:
North on NE 2nd Avenue to 116th Street; make a right.
Exterior Features
Flooring
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
30-22-31-040-0050
Subdivision Name:
TRESULEE
Tax Annual Amount:
$14,669
Utilities
Virtual Tour:
Click Here
Window Features:
Impact Glass, Blinds

Residential Income For Sale

265 Ne 116th St, Miami, Florida 33161, Miami, Florida 33161

2,860 Sqft
$1,298,000
MLS # #A12095976
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$1,298,000
Square Footage :
2,860 Sqft
Year Built :
1951
MLS # :
A12095976
Agent info
Contact Agent