Tresulee
$1,298,000
265 NE 116th St, Miami, FL 33161
3,262 sqft
Building Size
2
Units
Details:
Highlights:
- Lot Features: 1/4 To Less Than 1/2 Acre Lot
- Building Features: Laundry Facility
- Documents Available: Copy Of Lease(S), Other Available Information, Rent Rolls
- Architectural Style: Detached
- Cooling: Central Air, Electric
- Heating: Central, Electric
- Flooring: Ceramic Floor, Wood
- Construction Materials: Concrete Block Construction, CBS Construction
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.
Location
Gallery