Spectacularly situated between the prestigious Villages of Biscayne Park and Miami Shores, the property is within walking distance to Miami Country Day School. Located in unincorporated Miami-Dade, your annual property taxes are significantly lower than neighboring communities—maximizing your net returns! No Flood Zone here.
This turnkey residential duplex generates $5,050/month gross ($60,600/yr).
The front unit is divided into two efficiencies, producing immediate cash flow at $1,100 and $1,200/month, both of these tenants are on annual leases. Both feature a flexible 30-day right to cancel, and security deposits transfer.
The rear unit income is $2,750 per month and escalates to $2,800 in August 2027.
Rents include utilities. Capital improvements offer total peace of mind: a new roof (2024), newer central A/C system, new impact windows/doors, a paved parking lot, washer/dryer, and the extra building/shed with electricity that conveys. Features two separate electric meters (one for the back unit, one for the two front units) and one shared water meter. Property has a tankless water heater.
Please use Show Assist for best showing times
See attachments for 4-Points Inspection Reports and Survey.
- Swimming Pool
- Heating System
- Cooling System
- Patio:
- Deck
- Roof:
- Tar/gravel
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33161
- Street:
- 259 Ne 111th St, Miami, Florida 33161
- Longitude:
- W81° 48' 26.6''
- Latitude:
- N25° 52' 39.5''
- Building Area:
- 1,762 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 74
- DOM:
- 74
- Directions:
- Use Google Maps for 259 NE 111 St Miami
- Exterior Features
- Flooring:
- Vinyl, Terrazzo
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 30-22-31-029-0060
- Subdivision Name:
- MIAMI HIGHLANDS SEC A
- Tax Annual Amount:
- $5,510
- Utilities
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass, Blinds
Residential Income For Sale
259 Ne 111th St, Miami, Florida 33161, Miami, Florida 33161
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $679,000
- Square Footage :
- 1,762 Sqft
- Year Built :
- 1947
- MLS # :
- A12040451
