PROPERTY DETAILS
259 NE 111th St Miami, FL 33161
1,762 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,762 sqft
Price per Sqft $385
Subdivision Miami Highlands Sec A
MLS Listing ID A12040451
HOA Y/N No
Year Built 1947
Annual Tax Amount $5,510
Tax Year 2025
Property Sub-Type Duplex
Property Description
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.
Location
State FL
County Miami-dade
Community Miami Highlands Sec A
Area 22
Direction Use Google Maps for 259 NE 111 St Miami
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric, Wall/Window Unit(s)
Flooring Terrazzo, Vinyl
Window Features Blinds,Impact Glass
Exterior
Exterior Feature Deck, Fence, Lighting, Room For Pool, Shed, Storm/Security Shutters, Security/High Impact Doors
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Roof Type Tar/Gravel
Porch Deck
Total Parking Spaces 5
Private Pool No
Building
Lot Description Sprinklers Manual, < 1/4 Acre
Story 1
Sewer Septic Tank
Water Public
Level or Stories One
Structure Type Block
Others
Tax ID 30-22-31-029-0060
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12040451
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