1429 118th Terrace, Miami, FL 33161

$720,000 — Active

Property Features

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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.

▼ Price Reduced — originally listed at $749,000

Property Details

  • Listing ID: A12053910
  • Status: Active
  • Listing Date: 2026-07-16
  • Property Type: Duplex
  • Subdivision: BISCAYNE COURT
  • County: Miami-Dade
  • MLS Area: 2220
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 1,820
  • Year Built: 1971

Financial

  • List Price: $720,000
  • Original List Price: $749,000
  • HOA Fee: None
  • Taxes: $9,094/yr

Features & Amenities

  • Cooling: Electric
  • Heating: Central, Electric, Separate Meters
  • Flooring: Tile
  • Construction: CBS
  • Roof: Shingle

Courtesy of Casanova International Realty
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© 2026 Starfish Real Estate. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.