1220-1222 NE 110th Ter, Miami FL 33161 | Miami-Dade County | A11965310

This is a fully legal triplex located at 1220-1222 NE 110th Ter in Miami’s Biscayne Shores Corridor Plat, offering three distinct units with strong in-place income. The property totals 2,090 square feet and was built in 1954. It is currently generating monthly rent from two occupied units and one actively marketed unit, with each unit separately metered for electricity and tenants covering their own utility costs. Water is included in the rent up to $75 per month, with any overage split among tenants. The triplex consists of two 2/1 units and one fully renovated efficiency unit. One 2/1 is currently vacant and previously rented for $1,850/month through September 2025. It’s now listed at the same rate. The second 2/1 is occupied under a month-to-month lease for $1,750/month. The efficiency unit is leased for $1,395/month through August 31, 2026, with an option to renew. The property is cash flowing from day one, with annual expenses estimated at around $8,000. This income-producing property is offered at $749,000, or approximately $250,000 per unit. With the potential to further increase rents by renovating the two 2/1 units, this triplex presents a solid value-add opportunity. The location near Biscayne Blvd adds to its appeal for both investment and appreciation. For more details or to schedule a showing, call 305-859-4733.