265 NE 116th St, Miami, FL, 33161
265 NE 116th St, Miami, FL, 33161 - Image 2265 NE 116th St, Miami, FL, 33161 - Image 3265 NE 116th St, Miami, FL, 33161 - Image 4265 NE 116th St, Miami, FL, 33161 - Image 5

265 NE 116th St, Miami, FL, 33161

4 bedrooms · 2 baths · 2,860 sq.ft.

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.

Information

Property typeMulti Family
Size2,860 sq.ft.
Year built1951
Stories1
Price per sq.ft.USD 454
Last sold2019-02-22
Last sold priceUSD 288,000
CountyMiami-Dade
ZIP code33161
LocationMiami, United States

USD 1,298,000

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Where it's located

Miami, United States

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