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.
- Swimming Pool
- Heating System
- Cooling System
- Patio:
- Deck
- Roof
- 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
- 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
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,298,000
- Square Footage :
- 2,860 Sqft
- Year Built :
- 1951
- MLS # :
- A12095976
