259 NE 111th St, Miami, FL 33161

About 259 NE 111th St, Miami, FL 33161

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.

How This Listing Compares in Miami

Per square foot, it is asking 3% below the Miami median for sales closed over the last twelve months.

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 259 NE 111th St, Miami, FL 33161

Flooring

Clay, Terrazzo, Vinyl

Heating

Central, Electric

Cooling

Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)

Architectural Style

Attached, Ranch

Pool Private

No

Year Built Details

Effective Year Built

Property Condition

Substantially Remodeled

The Building at 259 NE 111th St, Miami, FL 33161

Building Name

MIAMI HIGHLANDS SEC A

Building Area Total

1762

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Lot, Views & Construction at 259 NE 111th St, Miami, FL 33161

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Tar & Gravel Roof

Exterior Features

Exterior Lights

Sewer

Septic Tank

Water Source

Municipal Water

New Construction

No

Taxes & Public Record for 259 NE 111th St, Miami, FL 33161

Parcel Number

30-22-31-029-0060

Tax Annual Amount

$5,510

Tax Year

2,025

Tax Legal Description

MIAMI HIGHLANDS SEC A PB 13-34 LOT 6 BLK 1 LOT SIZE 60.000 X 92 OR 18308-4693 1098 1 COC 26414-4726 05 2008 1

Zoning

5700

County Or Parish

Miami-Dade County

Map & Neighborhood