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1/21
$799,000 -$16,000 (-1.96%) Price Reduced
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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!
Full Property Details
Full Property Details for 1130 NE 111th St
General
- Price: $799,000
- Taxes: $7,472 (2024)
- Status: Active
- Type: Duplex
- Source: Greater_Miami
- MLS ID: A11662614
- Updated: 11/10/2024
- Added to Site: 55 day(s) ago
Rental Information
- Rent Includes: Gardener, Water
Interior
- Flooring: Tile
Parking
- Total Spaces: 4
Location
- Area: Biscayne Blvd Park
- County: Miami-Dade County
- Subdivision: BISCAYNE BLVD PARK
- Building Name: BISCAYNE BLVD PARK
Community
- Community Name: Biscayne Blvd Park
- Units Assoc/Comm: 2
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air, Electric
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Municipal Water
Structural Information
- Architectural Style: Attached
- Structure Type: Duplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Other
- Windows: Clear Impact Glass, Complete Impact Glass, High Impact Windows
- Doors: High Impact Doors
- Stories/Levels: 1
- Building Size: 1969
- Square Feet: 1,892
- Living Area: 1,892 Sq. Ft.
- Year Built: 1956
- Other Struct. Feat.: Laundry Facility
Unit Information
- Units in Complex: 2
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 5700
Financial Considerations
- Price Per Sq. Ft.: $422.3
- Tax Amount: $7,472
- Tax Year: 2024
- Terms: All Cash, Conventional
Disclosures and Reports
- Documents Avail.: Copy Of Lease(S), Rent Rolls
- Legal Description: BISCAYNE BLVD PARK PB 34-96 LOT 4 BLK 5 LOT SIZE 50.000 X 125 OR 19559-1797 03 2001 1 COC 24600-0184 04 2006 1
- Property ID: 30-22-32-003-0750
Listed by IBuy SFL
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Schools
Schools serving 1130 NE 111th St
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
10351 Ne 5th Ave, Miami Shores, FL 33138 | PK-5 | 0.9 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 28.6 mi | |
8950 Nw 2nd Ave, El Portal, FL 33150 | 6-8 | 2.2 mi | |
6161 Nw 5th Ct, Miami, FL 33127 | 9-12 | 3.7 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 23.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1130 NE 111th St
Date
Details
Price
Change
Source
11/10/2024
Price Reduced
$799,000
-1.96%
MLS
9/20/2024
Listed
$815,000
41.74%
MLS
2/09/2023
Sold
$575,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1130 NE 111th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,855
30%
$416,179
65%
2021
$5,282
-10%
$252,206
-20%
2022
$5,862
11%
$316,152
29%
2021
$5,282
16%
$244,838
25%
2019
$4,569
11%
$196,133
10%
2018
$4,107
8%
$178,303
10%
2017
$3,800
8%
$162,094
11%
2016
$3,518
2%
$146,238
5%
2015
$3,445
23%
$139,508
39%
2014
$2,796
8%
$100,148
10%
2013
$2,595
—
$91,044
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1130 NE 111th St
1130 NE 111th St, Biscayne Park, FL 33161 (MLS# A11662614) is a Duplex property with 0 bedrooms and 0 full bathrooms. 1130 NE 111th St is currently listed for $799,000 and was received on September 20, 2024. Want to learn more about 1130 NE 111th St? Do you have questions about finding other Duplex real estate for sale in Biscayne Park? You can browse all Biscayne Park real estate or contact a Coldwell Banker agent to request more information.