Orchard Villa Extension Fourplex For Sale
1250 Nw 61st St, Miami, FL 33142

$925,000
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11690756
  • Virtual Tour: YES
  • List Price: $925,000
  • Living Area: 3712 Ft² / 345 M²
  • Price Per Foot/Meter: $249 / $2,682
  • Taxes:$10,225
  • Year Built:1964
  • Listing Date:November 8, 2024
  • Days On Market:13

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

Features


  • Floor:Tile
  • Exterior Feature:

Location


Price History


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker