1429 118Th Ter Miami, FL 33161
Biscayne Court, located at 1429 NE 118th Ter, Miami, FL 33161, is a charming one-story apartment building constructed in 1971. This multifamily property presents a compelling investment opportunity in the desirable Miami-Dade County area. Currently configured as a duplex or triplex/quadruplex, the building boasts two bedrooms and two bathrooms in each unit. Recent upgrades include brand new plumbing and kitchens, enhancing both the aesthetic appeal and functionality of the units. Each unit is equipped with its own washer and dryer, adding to the convenience for residents. Individual water and electricity meters simplify utility billing and management. Central air conditioning ensures year-round comfort. All floors are covered in tile for easy maintenance. The property also features mature fruit trees, adding a touch of natural beauty to the landscape. This well-maintained property is situated in a prime location, offering excellent potential for rental income and long-term appreciation. The asking price is $650,900. This is an exceptional opportunity to acquire a profitable multifamily investment in a thriving Miami neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.