259 NE 111th St, Miami FL 33161

Discover a remodeled and income-producing duplex in MIAMI HIGHLANDS SEC A, ideally positioned between the prestigious Villages of Biscayne Park and Miami Shores. Located in unincorporated Miami-Dade County, this residential income property offers the advantage of significantly lower annual property taxes compared with neighboring communities, helping maximize your net returns.

Built in 1947, this attached Ranch-style duplex features approximately 1,762 square feet of living area and is offered vacant, remodeled, and ready to tour. Live in the spacious four-bedroom, two-bath unit while collecting rental income from the two front efficiencies, or lease all three units for a strong investment opportunity. Projected gross income is $5,100 per month, or $61,200 annually, including $2,800 per month for the four-bedroom unit and current annual leases of $1,100 and $1,200 for the efficiencies. Rents include utilities, and security deposits transfer with the sale.

Major improvements include a new roof completed in 2023, a new central air conditioning system, impact windows and doors, a large newly paved parking lot, washer and dryer, and an additional electrically connected building or shed. The property has two separate electric meters, one for the rear unit and one serving the two front units, plus one shared water meter. The two front units feature the same high-end finishes as the largest unit.

Comfort is supported by ceiling fans, central electric air conditioning, electric wall or window units, and central electric heating. Additional features include exterior lighting, energy-efficient doors and windows, a laundry facility, and room for a pool. The property is not located in a flood zone and is within walking distance of Miami Country Day School.

Living in Miami means enjoying warm weather throughout much of the year, beautiful beaches, boating, diverse dining, vibrant nightlife, cultural attractions, major sports, and convenient access to downtown Miami, Miami Beach, airports, shopping, and major roadways. The address, 259 NE 111th St, Miami FL 33161, offers a desirable North Miami location with excellent lifestyle and investment appeal.

For more information or to schedule a private tour, call or text +1 786.468.4380 via Tel or WhatsApp. Please do not disturb tenants. Occupied units are available for viewing during the inspection period after a fully executed contract. Inspection reports and survey are available in the attachments.