Homes for sale - 1130 NE 111th St, Biscayne Park, FL 33161

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Michael Alcantara

michael@aresbrokerage.com +1(786) 207-4969

$ 799,000

Est. payment -/mo

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Price Dropped by $16K

1130 NE 111th St Biscayne Park, FL 33161

1,892 SqFt

UPDATED:

11/10/2024 07:47 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,892 sqft

Price per Sqft $422

Subdivision Biscayne Blvd Park

MLS Listing ID A11662614

Construction Status Resale

HOA Y/N No

Year Built 1956

Annual Tax Amount $7,472

Tax Year 2024

Property Description

Introducing a completely occupied and newly renovated duplex property in Biscayne Park, perfect for instant income generation with a 7.42%+ cap rate. This investment boasts a newer roof and impact windows/doors throughout. The first unit features 3 bedrooms, 2 bathrooms, and central A/C. While the second unit includes 2 bedrooms, 1 bathroom, Fully furnished, and mini-split A/C's. Both units have impact windows and doors with a newer roof. Tenants have access to a utility room at the back of the property with laundry facilities. The property generates a total gross rent of $5,600 per month and has separate electric meters, owner is only responsible for water expense ($600/yearly). Thankfully NO flood insurance required. Don't miss this lucrative investment opportunity in Miami!

Location

State FL

County Miami-dade

Community Biscayne Blvd Park

Area 22

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Laminate, Tile

Window Features Impact Glass

Exterior

Exterior Feature Security/High Impact Doors

Pool None

Community Features Laundry Facilities

Utilities Available Cable Available

Waterfront No

Roof Type Other

Total Parking Spaces 4

Building

Lot Description < 1/4 Acre

Story 1

Sewer Septic Tank

Water Public

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 30-22-32-003-0750

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by IBuy SFL

Michael Alcantara

Broker | License ID: 3440115

+1(786) 207-4969

Michael Alcantara

1130 NE 111th St Biscayne Park, FL 33161

Key Details

Location

Interior

Exterior

Building

Others

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1130 NE 111th St