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
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.
Location
State FL
County Miami-dade
Community Miami Highlands Sec A
Area 22
Zoning 5700
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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