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(305) 775-2514
Real Estate Company
259 Ne 111th St, Miami, FL 33161
- $679,000
- 1,762
- SqFt
- List Price
- $679,000
- MLS
- A12040451
- Complex Name
- Miami Highlands Sec A
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 1,762
Property Description
Nestled between Biscayne Park and Miami Shores, this tropical multi-unit property is within walking distance to Miami Country Day School. High elevation, no flood zone, multi-unit parcel in unincorporated Miami-Dade so property taxes are almost half of the neighboring communities—maximizing your net return. This turnkey residential legal duplex generates $5,150/month gross ($61,800/yr). The front unit is divided into two efficiencies, both are rented at $1,200 per month, both are month to month leases but have been long term tenants. All security deposits transfer to the buyer. The rear unit has a 2-year lease ending Aug-2028, rent 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. There are two separate electric meters (one for the back unit, one for the two front units) and one shared water meter. Property has a total of three tankless water heaters. The full report of 2026 4-Points Inspection and Wind Mitigation Reports are attached in the listing.
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Additional Information
- Days on Market
- 146
- Style
- Duplex
- Special Information
- Substantially Remodeled
- Exterior Features
- Exterior Lights
- Water Access
- Community Boat Ramp
- #Parking Spaces
- 5
- Year Built
- 1947
- Development Name
- Miami Highlands Sec A
- #Stories
- 1
- Construction Type
- CBS Construction
- Section
- 31
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Listing Courtesy of Pamela Hall Real Estate, LLC., Contact: