Property Description

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.

Features
Swimming Pool
Heating System
Cooling System
Patio:
Deck
Roof:
Tar/gravel
Sewer
Address Map
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''
MLS Addon
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

1,762 Sqft
$679,000
MLS # #A12040451
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$679,000
Square Footage :
1,762 Sqft
Year Built :
1947
MLS # :
A12040451
Agent info
Contact Agent