259 NE 111th St, Miami, FL 33161

About This Home

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

Flooring

Terrazzo, Vinyl

Heating

Central, Electric

Cooling

Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)

Architectural Style

Attached, Ranch

Property Condition

Substantially Remodeled

Building & Association

Building Name

MIAMI HIGHLANDS SEC A

Stories

1

Stories Total

1

Association

No

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Tar & Gravel Roof

Exterior Features

Exterior Lights, Room For Pool

New Construction

No

Public Records

Parcel Number

30-22-31-029-0060

Tax Annual Amount

$5,510

Tax Year

2,025

Zoning

5700

County Or Parish

Miami-Dade County

Location