259 NE 111th Street, Miami, FL 33161
- $679,000
- 1,762
- SqFt
- List Price
- $679,000
- MLS#
- A12040451
- Sq. Ft
- 1,762
- Lot Dimensions
- 5520
- Subtype
- Duplex
- County
- Miami-Dade
- Subdivision
- Miami Highlands Sec A
- Region
- 2220
- Year Built
- 1947
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.
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Additional Information
- Heating
- Central, Electric, Separate Meters
- Cooling
- Central Air, Ceiling Fan(s), Electric, Wall/Window Unit(s)
- Roof
- Tar/Gravel
- Sewer
- Septic Tank
- Water
- Public
- Exterior Features
- Lighting, Outdoor Living Area, Room For Pool
- Parking Spaces
- 5
- Flooring
- Terrazzo, Vinyl
- Construction
- Block
- Living Area
- 1,762
- Elementary School
- Hubert O. Sibley K-8 Academy
- Middle School
- Horace Mann
- High School
- Miami Edison
Listing courtesy of Pamela Hall Real Estate, LLC.. Contact: