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1250 NW 61st St, Miami FL 33142

Residential Income

1250 61st St

Miami, FL 33142

ML#:A11690756
List Price:$925,000
Status:Closed
Days on Market:82
Listing Brkr:Miami Beach Real Estate Group
Subdivision:ORCHARD VILLA EXTENSION
Bedrooms:0
Baths:0
SqFt (Liv):3,712
Lot Size:0 sqft
Year Built:1964
Stories:2

General Information

Type Property:Residential Income
Style:Quadruplex
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33142
Subdivision:ORCHARD VILLA EXTENSION
Latitude:25.830986
Longitude:-80.217731

Additional Features

Flooring:Tile
Heating:Central
Cooling:Central Air
Construction:CBS Construction
Waterfront:No

Financial Information

Annual Taxes (2023):$10,225
Days on Market:82

Remarks

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

Listing Agent

Diego Pineiro

Miami Beach Real Estate Group

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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