265 116th St ,Detached, Duplex, Tresulee for Sale

265 116th St for Sale

Price $1,398,000.00

• Lot size 3262
• Year Build 1951
• Waterfront
• Zip 33161
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

Fully renovated, income producing duplex with separate cottage, located close to Barry University. This turnkey multi family property is ideal for investors seeking strong rental income in a high demand area with additional upside potential. The property has been thoughtfully updated with new kitchens and baths, plus washer and dryer in each unit, offering clean, modern living spaces. In addition to the duplex, there is a detached cottage in the rear that allows for additional rental income, creating a flexible income producing setup within one property. Currently generating $8500 per month, this property presents an established income stream in a thought after pocket, between Biscayne Park and Miami Shores that continue to see consistent rental demand driven by students, faculty and local professionals. A solid, renovated asset in a proven rental market, with strong appreciation potential.

TRESULEE PB 7-141 LOT 11 & E1/2 LOT 10 BLK 1 LOT SIZE 75.000 X 170 OR16803-3260/23813-70 0595 5

1/4 To Less Than 1/2 Acre Lot

Fully renovated, income producing duplex with separate cottage, located close to Barry University. This turnkey multi family property is ideal for investors seeking strong rental income in a high demand area with additional upside potential. The property has been thoughtfully updated with new kitchens and baths, plus washer and dryer in each unit, offering clean, modern living spaces. In addition to the duplex, there is a detached cottage in the rear that allows for additional rental income, creating a flexible income producing setup within one property. Currently generating $8500 per month, this property presents an established income stream in a thought after pocket, between Biscayne Park and Miami Shores that continue to see consistent rental demand driven by students, faculty and local professionals. A solid, renovated asset in a proven rental market, with strong appreciation potential.

City:Miami,Zoning:0100,Cooling:1:Electric,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Flooring:1:Wood,Latitude:25.8815878,Cooling Y N:1,Heating Y N:1,List Price:1398000,Listing Id:A11971232,Longitude:-80.1924945,Mls Status:Active,Year Built:1951,Directions:North on NE 2nd Avenue to 116th Street; make a right.,Living Area:2860,Possession:1:Rental Agreement,Postal Code:33161,Street Name:116th St,Coordinates:1:25.8815878,Photos Count:53,Building Name:TRESULEE,Days On Market:31,Lot Size Units:Square Feet,M I A M I R E_ Area:22,M L S Area Major:Tresulee,On Market Date:2026-02-27,Parcel Number:30-22-31-040-0050,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Pest Control,2:Trash Collection,Stories Total:1,Street Number:265,M I A M I R E_ Style:Duplex,Public Remarks:Fully renovated, income producing duplex with separate cottage, located close to Barry University. This turnkey multi family property is ideal for investors seeking strong rental income in a high demand area with additional upside potential. The property has been thoughtfully updated with new kitchens and baths, plus washer and dryer in each unit, offering clean, modern living spaces. In addition to the duplex, there is a detached cottage in the rear that allows for additional rental income, creating a flexible income producing setup within one property. Currently generating $8500 per month, this property presents an established income stream in a thought after pocket, between Biscayne Park and Miami Shores that continue to see consistent rental demand driven by students, faculty and local professionals. A solid, renovated asset in a proven rental market, with strong appreciation potential.,County Or Parish:Miami-Dade County,Expiration Date:2026-08-27,List Office Name:Avanti Way Realty LLC,Standard Status:Active,Window Features:1:High Impact Windows,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6619,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:TRESULEE,Tax Annual Amount:14669,Unparsed Address:265 NE 116th St, Miami FL 33161,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:3262,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:488.8112,Original List Price:1398000,Public Survey Range:22,Documents Available:1:Other Available Information,2:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Fully renovated, income producing duplex with separate cottage, located close to Barry University. This turnkey multi family property is ideal for investors seeking strong rental income in a high demand area with additional upside potential. The property has been thoughtfully updated with new kitchens and baths, plus washer and dryer in each unit, offering clean, modern living spaces. In addition to the duplex, there is a detached cottage in the rear that allows for additional rental income, creating a flexible income producing setup within one property. Currently generating $8500 per month, this property presents an established income stream in a thought after pocket, between Biscayne Park and Miami Shores that continue to see consistent rental demand driven by students, faculty and local professionals. A solid, renovated asset in a proven rental market, with strong appreciation potential.,Listing Contract Date:2026-02-27,Originating System I D:miamire,Public Survey Section:31,Showing Instructions:24 Hour Notice,Street Number Numeric:265,Tax Legal Description:TRESULEE PB 7-141 LOT 11 & E1/2 LOT 10 BLK 1 LOT SIZE 75.000 X 170 OR16803-3260/23813-70 0595 5,M I A M I R E_ Current Price:1398000,M I A M I R E_ Owner Agent Y N:1,Public Survey Township:22,Construction Materials:1:CBS Construction,M I A M I R E_ Municipal Code:30,M I A M I R E_ Total Mortgage:375000,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1804,M I A M I R E_ Internet Remarks:Thoughtfully renovated duplex with detached cottage generating $8500 per month in a high demand rental pocket between Biscayne park and Miami shores.,M I A M I R E_ Parcel Number M L X:0050,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.881691$-80.192488$10.46$13.33$1.00$vWkDQawcBZC7tcexzetQHQ,Contract Status Change Date:2026-02-27,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:40,M I A M I R E_ Agent Alternate Phone:305-331-4464,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:265 NE 116th St,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:488.81,Internet Automated Valuation Display Y N:1,