265 NE 116th St, Miami, FL 33161

About This Home

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

Flooring

Ceramic Floor, Wood

Heating

Central, Electric

Cooling

Central Air, Electric

Architectural Style

Detached

Building & Association

Building Name

TRESULEE

Stories

1

Stories Total

1

Association

No

Lot & Construction

Lot Features

1/4 To Less Than 1/2 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction

Roof

Shingle

Exterior Features

Room For Pool

New Construction

No

Public Records

Parcel Number

30-22-31-040-0050

Tax Annual Amount

$14,669

Tax Year

2,025

Zoning

0100

County Or Parish

Miami-Dade County

Location