Active · Duplex
$450,000
1120 NE 111th St, Miami, FL 33161
- Beds
- —
- Baths
- 0
- Living area
- 1,652 sq ft
- $ / sq ft
- $272/sq ft
- Year built
- 1956
- Lot size
- —
- HOA fee
- —
- Annual tax
- $9,520
About this property
SHORT SALE OPPORTUNITY. Purchase price and all terms are subject to lender approval. Great investment opportunity in Miami! This well-maintained duplex includes two 2-bedroom 1-bath units, separate electrical meters, no carpet, stainless steel appliances, and wall/window A/C units. Both units are currently tenant-occupied, providing immediate rental income, with one unit renting for $2,556/month and the other for $2,200/month, for a total of $4,756 in monthly rental income. Tenant pays electric and landlord pays water. Excellent opportunity for an investor looking to add an income-producing property to their portfolio. Cash only. As-is sale, buyer is responsible to cure any violations or expired permit issues.
Interior & exterior features
Cooling
- Central Air
- Wall Window Units
Heating
- Central
- Wall Furnace
Pool
- None
Flooring
- Ceramic Tile
- Laminate
roof
- Shingle
construction
- Block
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$601
- Cap rate
- 7.3%
- Net yield
- 7.3%
- Cash-on-cash return
- 5.7%
- Gross yield
- 11.2%
- Mortgage payment
- $2,133/mo
- Down payment
- $112,500
- Loan amount
- $337,500
- Annual NOI
- $32,809
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.