283 NE 111th Street # 283, Miami, FL 33161
Duplex with separate electric meters and long-term tenants, offering flexibility for rental investment or owner occupancy.
- Added:
- Mar 19, 2026
- Days on Market:
- 101
- Last Refresh:
- Jun 20 at 8:08 am
Property Features for 283 NE 111th Street # 283
General Information
- Standard status
- Active
- Size
- 1,780 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1949
Listing office All Points Rlty & Investments (305) 621-5800
Listing date Mar 19, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of All Points Rlty & Investments
HighLights
- Duplex built in 1949
- 2 electric meters and 1 water meter
- Long‑term tenants in place
- Located a few blocks north of Miami Shores on NE 111 Street, across from Barry University
- Current rent is below market
Overview
The location places the property a few blocks north of Miami Shores, with the site directly across from Barry University. This proximity to an established education-related anchor can be relevant for tenants evaluating convenience and day-to-day access in the area.
For buyers considering a rental investment, the presence of long-term tenants provides immediate occupancy, and the listing notes that current rents are below market. For owner occupants, the duplex format can allow one side to be used personally while retaining rental income on the other unit. With metered electric service and a single water meter, the building’s utility structure is a practical factor for underwriting and day-to-day operations.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.5k | $30.60 |
| − Vacancy | −$3.5k | −$1.95 |
| EGI | $51.0k | $28.65 |
| − OpEx | −$15.3k | −$8.60 |
| NOI | $35.7k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.19211
- Latitude
- 25.877638
