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    1330 117Th Ter Miami, FL 33161

    For Sale
    $880,000

    Turnkey Duplex, $5,446 Monthly Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a fully remodeled, turnkey duplex located in prime Miami, Florida. Built in 2004, this single-story property boasts two identical units, each featuring three bedrooms and two bathrooms. Each unit is equipped with modern amenities including an Italian kitchen with quartz countertops, tile floors, recessed lighting, in-unit laundry, stainless steel appliances, and new doors. Individual electric meters ensure efficient utility management. The property offers ample parking with two designated spaces per unit, totaling four parking spaces. Currently generating a substantial monthly rental income of $5,446, this duplex benefits from stable Section 8 tenants. Its strategic location, just blocks from Biscayne Boulevard in Miami-Dade County (zip code 33161), provides excellent access to local amenities and transportation. A virtual tour showcasing the interior is available for viewing. This cash-flowing property represents a rare opportunity for investors seeking a high-return, low-maintenance investment in a desirable Miami location. The asking price is $880,000. Don't miss this chance to acquire a proven income-generating asset in a thriving market.

    Property Features for 1330 117Th Ter

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2004
    Stories
    1

    HighLights

    • $880,000 asking price.
    • Multifamily property, specifically a duplex, built in 2004.
    • One‑story building located in Miami, FL (33161), near Biscayne Blvd.
    • Features two identical units, each with 3 bedrooms, 2 bathrooms, and a 2‑car driveway.
    • Fully remodeled with Italian kitchens, quartz countertops, tile floors, stainless steel appliances, and in‑unit laundry.
    • Generating $5,446 in monthly rental income, including stable Section 8 tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1708558
    Latitude
    25.8836925

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey Duplex, $5,446 Monthly Income
    Where is this multifamily property located?
    The property is located at 1330 117Th Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $880,000.
    What are key features of this property?
    This property features: $880,000 asking price.; Multifamily property, specifically a duplex, built in 2004.; One-story building located in Miami, FL (33161), near Biscayne Blvd.
    Request Owner's contact information
    1330 117Th Ter Miami, FL 33161
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    Miami, FL 33161
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1330 117Th Ter Miami, FL 33161
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