265 NE 118 Terrace, Miami, FL 33161 | MLS A11252568 | Listing Information | BHHS Florida Realty
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FOR SALE
$799,000

265 NE 118 Terrace
Miami, FL 33161

Triplex
Residence
2,551
Sq. Ft.
0.5
Acre Lot
1of
Photos
Map
Courtesy: Julies Realty, LLC
BHHS Florida Realty> Florida> Miami> 33161
Great opportunity to own a well maintained triplex in the heart of Miami. Long term tenants with upside potential to increase revenue once the leases renew. Unit #1 (1/1) $1,050 Lease Expires on 6/1/23. Unit #2 (1/1) $1,100 Lease Expires on 12/31/22. Unit #3 (2/2) $1,300 Lease Expires on 12/31/22. Roof was recently replaced (about 5 yrs ago) and a new drain field installed in 2012. Property is equipped with hurricane shutters for all windows and doors. Each unit features its own dedicated washer/dryer as well as a dedicated backyard/porch. Each unit has individual electric meter and ONE Master Water Meter which is paid by the Landlord. Property has lots of opportunity for upside potential to increase revenue and plenty of room to add a pool on this oversize lot of 15,560 sq/ft.
A11252568
Triplex, 1 Story
1959
Miami-Dade
0.5 Acres
Public
1
Block
Septic Tank
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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