1130 NE 111th St, Biscayne Park FL 33161

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!

This duplex home located at 1130 NE 111th St, Biscayne Park FL 33161 is currently for sale and has been available on Brickellsold for 51 days. This property is listed at $799K. It has N/A beds, N/A bathrooms, and is 1892 square feet. It was built in 1956. 1130 NE 111th St, Biscayne Park FL 33161 is in Biscayne Park neighborhood Miami-Dade County.