For sale
Photo 1 of 43$679,000
For sale259 NE 111th St, Miami FL 33161
1,762 sq ftBuilt 1947MLS# A12040451
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About this property
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.
Property details
- Property type
- Multi-family
- Year built
- 1947
- Living area
- 1,762 sq ft
- Price per sq ft
- $385
- Property taxes
- $5,510/yr
- Parking
- 5 spaces
- Floors in building
- 1
- Building / community
- Miami Highlands Sec A
- Status
- For sale
- MLS #
- A12040451
