FL > Miami > Orchard Villa Extension
Miami, FL 33142,1250 NW 61st St
Miami, FL 33142,1250 NW 61st St
Miami, FL 33142,1250 NW 61st St
Miami, FL 33142,1250 NW 61st St
Miami, FL 33142,1250 NW 61st St
Miami, FL 33142,1250 NW 61st St
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Manabendra Ray

Manabendra Ray

+1(573) 823-1531
$ 925,000
Est. payment | /mo

3,712 SqFt

Save Virtual Tour
$ 925,000
Est. payment | /mo
Save Virtual Tour

3,712 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,712 sqft

Price per Sqft $249

Subdivision Orchard Villa Extension

MLS Listing ID A11690756

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1964

Annual Tax Amount $10,225

Tax Year 2023

Property Description

This property at 1250 NW 61st Street is a fourplex, with each of the four units offering a 2-bedroom, 1-bath layout. All units are equipped with central air conditioning, and the property features four separate electric meters, which simplifies billing and utilities for tenants. Located in a developing neighborhood with growth potential, this property has strong income-generating possibilities. Current income is $7200 a month but With Section 8, each unit’s rent can be increased to $2,300, adding to the investment appeal. The current long-term tenants add stability, making this a potentially low-turnover, high-revenue property for buyers looking to capitalize on rising rents in an up-and-coming area. All units in great shape , see pics, potential of $9200 income a month

Location

State FL

County Miami-dade

Community Orchard Villa Extension

Area 31

Interior

Heating Central

Cooling Central Air

Flooring Tile

Exterior

Pool None

Utilities Available Cable Available

Waterfront No

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 01-31-14-043-0490

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Miami Beach Real Estate Group
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1250 NW 61st St