$1,199,000

Price reduced

1350 NE 111th St, Miami FL 33161

1,853 sq ftBuilt 1952MLS# A12085641

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About this property

Rare opportunity to acquire a fully furnished, income-producing four-unit multifamily property in a prime North Miami location, just one block from Biscayne Boulevard. The property features two 1-bedroom/1-bath residences and two studios, each with individual electric meters, offering excellent flexibility for investors.

Extensively remodeled in 2021, including a new roof, new windows, updated electrical systems, and interior improvements. The property is being offered fully furnished and is currently licensed for short-term/Airbnb use, while also offering the flexibility to operate as traditional annual rentals.

An additional separate legal structure at the rear of the property serves as a dedicated laundry facility and is equipped with a washer and dryer, providing added convenience for property operations and tenants.

Ideally positioned less than a 10-minute drive from Bal Harbour and the beaches, with convenient access to major transportation, shopping, dining, and surrounding neighborhoods. Located in an area experiencing significant redevelopment and continued investment, this turnkey fourplex presents a compelling opportunity for an investor seeking a multifamily asset with multiple rental strategies and long-term upside.

Property details

Property type
Multi-family
Year built
1952
Living area
1,853 sq ft
Price per sq ft
$647
Property taxes
$10,749/yr
Parking
4 spaces
Building / community
Jaffe Sub
Status
Price reduced
MLS #
A12085641

Listing courtesy of Miles Goldstein Real Estate.

Location

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