259 NE 111th St, Miami, FL, 33161
259 NE 111th St, Miami, FL, 33161 - Image 2259 NE 111th St, Miami, FL, 33161 - Image 3259 NE 111th St, Miami, FL, 33161 - Image 4259 NE 111th St, Miami, FL, 33161 - Image 5

259 NE 111th St, Miami, FL, 33161

5 bedrooms · 4 baths · 1,762 sq.ft.

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.

Information

Property typeMulti Family
Size1,762 sq.ft.
Year built1947
Stories1
Price per sq.ft.USD 385
Last sold2015-10-20
Last sold priceUSD 189,900
CountyMiami-Dade
ZIP code33161
LocationMiami, United States

USD 679,000

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Where it's located

Miami, United States

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