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0 Baths
1,762 sqft

$679,000

259 NE 111th Street, Miami FL, 33161

Price per sqft$385.36
Built in1947
Property size1,762 sqft
Property typeMulti-family

Overview

Active

Listed Jun 21, 2026

Updated 24h ago

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.

$4,517/mo

Est. mortgage payment based on a $679,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$5,510
Tax Frequency
Annually

Listed with Pamela Hall Real Estate, LLC.

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Data last updated 5:25 AM UTC, 10/7/2026

 

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