FL > Miami > Orchard Villa Extension
Miami, FL 33142,1250 NW 61st St
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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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Stephen Michalakos

Stephen Michalakos

+1(727) 601-8676
$ 925,000
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Active

1250 NW 61st St Miami, FL 33142

3,712 SqFt

UPDATED:

11/14/2024 07:43 PM

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

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
agent

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

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1250 NW 61st St