Miami Highlands Sec A
$679,000
259 NE 111th St, Biscayne Park, FL 33161
1,762 sqft
Building Size
3
Units
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot
- Building Features: Laundry Facility
- Documents Available: Deposit Held, Deposit - Security, Copy Of Lease(S), Existing Survey
- Architectural Style: Attached, Ranch
- Cooling: Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
- Heating: Central, Electric
- Flooring: Terrazzo, Vinyl
- Construction Materials: CBS Construction
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 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.
Location
Gallery