1130 NE 111th St Active Save Request In-Person Tour Request Virtual Tour
Biscayne Park,FL 33161
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
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
Exterior
Exterior Feature Security/High Impact Doors
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Waterfront No
Roof Type Other
Building
Lot Description < 1/4 Acre
Story 1
Sewer Septic Tank
Water Public
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional