259 NE 111th Street, Miami, FL 33161
- $679,000
- 1,762
- SqFt
- List Price
- $679,000
- Status
- ACTIVE
- Days on Market
- 85
- MLS#
- A12040451
- Subtype
- Residential Income
- Year Built
- 1947
- Living Area
- 1,762
- Subdivision
- Miami Highlands Sec A
- MLS Area Major
- 2220
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
- Exterior Features
- Lighting, Outdoor Living Area, Room For Pool
- Taxes
- $5,510
- Flooring
- Terrazzo, Vinyl
- Heating
- Central, Electric, Separate Meters
- Air Conditioning
- Central Air, Ceiling Fan(s), Electric, Wall/Window Unit(s)
- Exterior Construction
- Block
- Stories
- 1
- Roof
- Tar/Gravel
- 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:
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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
Agent: Pamela J Hall | Email: brokerpamela@gmail.com