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.
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.
Property Details
Price:
$679,000
MLS #:
A12040451
Status:
Active
Beds:
0
Baths:
0
Address:
259 NE 111th St
Type:
Multi Family
Subtype:
Duplex
Subdivision:
MIAMI HIGHLANDS SEC A
Neighborhood:
miamihighlandsseca
City:
Miami
Listed Date:
Jun 20, 2026
State:
FL
Finished Sq Ft:
1,762
Total Sq Ft:
1,762
ZIP:
33161
Year Built:
1947
Units:
3
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Schools
Interior
Cooling
Ceiling Fan(s), Central Air, Electric, Wall/ Window Unit(s)
Flooring
Terrazzo, Vinyl
Heating
Central, Electric
Exterior
Architectural Style
Attached, Ranch
Construction Materials
C B S Construction
Exterior Features
Exterior Lights, Room For Pool
Other Structures
Extra Building/ Shed
Parking Spots
5
Roof
Tar & Gravel Roof
Financial
Tax Year
2025
Taxes
$5,510
Map
Community
- Address259 NE 111th St Miami FL
- SubdivisionMIAMI HIGHLANDS SEC A
- CityMiami
- CountyMiami-Dade County
- Zip Code33161
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