Price reduced
Photo 1 of 42$1,298,000
For sale265 NE 116th St, Miami FL 33161
2,860 sq ftBuilt 1951MLS# A12095976
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About this property
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.
Property details
- Property type
- Multi-family
- Year built
- 1951
- Living area
- 2,860 sq ft
- Price per sq ft
- $454
- Property taxes
- $14,669/yr
- Parking
- 6 spaces
- Building / community
- Tresulee
- Status
- For sale
- MLS #
- A12095976
Location
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