259 Ne 111th St, Miami, FL 33161
- $679,000
- 1,762
- SqFt
- List Price
- $679,000
- MLS
- A12040451
- Complex Name
- Miami Highlands Sec A
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 1,762
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
- Days on Market
- 83
- Style
- Duplex
- Special Information
- Substantially Remodeled
- Exterior Features
- Exterior Lights, Room For Pool
- Water Access
- Community Boat Ramp
- #Parking Spaces
- 5
- Year Built
- 1947
- Development Name
- Miami Highlands Sec A
- #Stories
- 1
- Construction Type
- CBS Construction
- Section
- 31
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Listing Courtesy of Pamela Hall Real Estate, LLC., Contact: