Orchard Villa 1250 NW 61st St Miami, FL 33142

FOR SALE - Active
$925,000
Studio
Beds
3,712
Sq.Ft.

Overview

  • Status: Active
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 3,712 ft2/344.86 m2
  • Price Per: $249.19 ft2/$2,682.28 m2
  • Type: Multifamily
  • Built: 1964
  • HOA: No info
  • MLS Number: A11690756
  • View No info
  • On Site: 66 days
  • Updated: Listing Refreshed: 60 Days Ago

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

Price History

DateEventPriceChange RatePrice Per
11/08/2024Listed$925,000.00$249.19 ft2/$2,682.28 m2

Contact Information

Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
Contact Advisor
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