2 months on rocket

1130 NE 111th St, Biscayne Park, FL, 33161

$799,000

Home List Price

$9,488*

Closing Credit

0 Baths
1,892 SqFt
$422/SqFt
Multi

Location

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1130 NE 111th St, Miami$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1956
HeatingCentral
CoolingCentral Air, Ceiling Fan(s), Electric
MLS #A11662614
StatusActive

About 1130 NE 111th St

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!

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 1
  • Living Area: 1,892 SqFt

Listing Office:

  • Office Name: IBuy SFL
  • Office Phone: (786) 521-8539
  • Listing Agent: Christopher Rubaie

Interior Features

Interior Information:

  • Flooring Type: Laminate, Tile

Exterior Features

Exterior Information:

  • Exterior: Security/High Impact Doors

Virtual/3D Tour

  • Virtual Tour: 1130 NE 111th St
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s), Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
  • Price Per SqFt: $422/SqFt
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

1130 NE 111th St vs Miami

65 DAYS ON ROCKET

+5 Days

$799,000

+$238.5K More

$422/SqFt

+$32 More

KEY TAKEAWAY

This property is $238.5K more than the Median Sold Price and $32/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11662614

Listing Office:

  • Office Name: IBuy SFL
  • Office Phone: (786) 521-8539
  • Listing Agent: Christopher Rubaie

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 7:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1210079
7
/10

  • Miami Shores Elementary School

  • 10351 NE 5th Ave

  • 0.88 miles

  • Public District Grades PK-5

school-card-donut-1210080
5
/10

  • W. J. Bryan Elementary School

  • 1201 NE 125th St

  • 0.93 miles

  • Public Magnet Grades PK-5

school-card-donut-1210081
5
/10

  • Gratigny Elementary School

  • 11905 N Miami Ave

  • 1.49 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,851. Typical income of Miami, FL residents is less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33161›1130 NE 111th St

This home is located at 1130 NE 111th St in Biscayne Park, FL and zip code 33161. This 1,892 square foot home was built in 1956. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $799,000.

Over 62 listings were sold over their listed price in October 2024 in Miami, FL. In the same period over 507 listings were sold below the listed price and 129 listings were sold for the listed price. The number of listings in Miami, FL increased by 8.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 60 days, the median list price was $560,436.

From Rocket Homes Real Estate and based on county public records data.

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