259 NE 111th Street, Miami, FL 33161

$679,000
1,762
SqFt

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List Price
$679,000
Days on Market
53
MLS#
A12040451
Year Built
1947
Living Area
1,762
MLS Area Major
2220

Property Description

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 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 central A/C system, new impact windows/doors, a huge newly 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. 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. See attachments for Inspection Reports and Survey.

Additional Information

Taxes
$5,510
Utilities
Cable Available
Heating
Central, Electric, Separate Meters
Air Conditioning
Central Air, Ceiling Fan(s), Electric, Wall/Window Unit(s)
Exterior Construction
Block
Roof
Tar/Gravel
Elementary School
Hubert O. Sibley K-8 Academy
Middle School
Horace Mann
High School
Miami Edison

Listing courtesy of Pamela Hall Real Estate, LLC..

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