$679,000
259 NE 111th St, Miami FL 33161
133 days on market
- Living area
- 1,762 sqft
- Price per sqft
- $385
- Type
- Duplex
- Year built
- 1947
- Taxes
- $5,510/yr
- MLS #
- A12040451
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! No Flood Zone here. 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.
Estimated subtotal
$459/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $459
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Miami, 33161
What to check here
Compare association costs, flood exposure and financing across distinct condo submarkets.
Listing courtesy of Pamela Hall Real Estate, LLC.
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.