1130 111th St ,Attached, Duplex, Biscayne Blvd Park for Sale

1130 111th St for Sale

Price $799,000.00

• Lot size 1969
• Year Build 1956
• Waterfront
• Zip 33161
• Style Attached
• Parking Description
• Pool Yes
• Status Active

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!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11662614 **Showings/Inspections ONLY after offer acceptance** Please do not disturb tenants and contact Chris (314)504-5337 for more information.

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

Less Than 1/4 Acre Lot

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!

City:Biscayne Park,Zoning:5700,Cooling:1:Central Air,2:Electric,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:25.8778643,Cooling Y N:1,Heating Y N:1,List Price:799000,Listing Id:A11662614,Longitude:-80.1751938,Mls Status:Active,Year Built:1956,Living Area:1892,Postal Code:33161,Street Name:111th St,Coordinates:1:25.8778643,Photos Count:21,Building Name:BISCAYNE BLVD PARK,Days On Market:51,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:22,M L S Area Major:Biscayne Blvd Park,On Market Date:2024-09-20,Parcel Number:30-22-32-003-0750,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Water,Stories Total:1,Street Number:1130,M I A M I R E_ Style:Duplex,Public Remarks: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!,County Or Parish:Miami-Dade County,List Office Name:IBuy SFL,Standard Status:Active,Window Features:1:Complete Impact Glass,2:High Impact Windows,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:7623,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:BISCAYNE BLVD PARK,Tax Annual Amount:7472,Total Actual Rent:67200,Unparsed Address:1130 NE 111th St, Biscayne Park FL 33161,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1969,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:422.3044,Original List Price:815000,Previous List Price:815000,Public Survey Range:22,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Net Operating Income:59230,Number Of Units Total:2,Syndication Remarks: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!,Listing Contract Date:2024-09-20,Originating System I D:miamire,Public Survey Section:32,Showing Instructions:Call Listing Agent,Street Number Numeric:1130,Tax 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,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1885,M I A M I R E_ Internet Remarks:Unique Biscayne Park duplex available For Sale! Pleasantly Leased - Please do not disturb tenants.,Contract Status Change Date:2024-09-20,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:422.3,