$679,0001 days on marketActive

259 NE 111th Street, Miami, FL 33161

Miami, FL 33161

1,762

Sq Ft

$385

$/Sq Ft

1947

Year Built

Listing Snapshot

List Price	$679,000
Price / Sq Ft	$385
Beds	0
Baths	0
Living Area	1,762 sqft

Year Built	1947
Property Tax	$5,510/yr
MLS #	1175467412
Status	Active
Days on Market	1

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! Vacant, remodeled, ready to tour! Live in the 4 Bedroom unit and enjoy rental income from the other 2 units. Or rent them All. This turnkey residential duplex generates $5,100/month gross ($61,200/yr), with the vacant 4 bedroom 2 bath unit projected at $2,800/mo. The front unit is divided into two efficiencies, producing immediate cash flow at $1,100 and $1,200/month on annual leases. Both feature a flexible 30-day right to cancel, and security deposits transfer. Rents include utilities. Capital improvements offer total peace of mind: a new roof (2023), new impact windows/doors, a huge newly paved parking lot, washer/dryer, and the extra building/shed that conveys. Features two separate electric meters (one for the back unit, one for the two front units) and one shared water meter. Preview the largest unit today to experience the high-end finishes, which are completely mirrored in the two front units. To respect occupant privacy, the tenant-occupied units will only be shown during the inspection period with a fully executed contract; please do not disturb tenants.