259 NE 111th St, Miami, FL, 33161
1947
1,762 sqft
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.
Status:
Active
Type:
Multi-family
Zoning:
5700
Subdivision:
MIAMI HIGHLANDS SEC A
Heating:
Central, Electric
Cooling:
Central Air, Ceiling Fan(s), Electric, Wall/Window Unit(s)
Energy Features:
Doors, Windows
Parking:
5-car
Est. Taxes:
$5,510
Construction
Block
Utilities
Cable Available
Lot Description:
Sprinklers Manual,< 1/4 Acre
Days on Market:
1
Pool:
None
MLS #:
A12040451
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Pamela Hall Real Estate, LLC. 305-300-3419