1250 61st St ,Attached, Quadruplex, Orchard Villa Extension for Sale

1250 61st St for Sale

Price $925,000.00

• Lot size 3712
• Year Build 1964
• Waterfront
• Zip 33142
• Style Attached
• Parking Description
• Pool Yes
• Status Active

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

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=

14 53 41 ORCHARD VILLA EXT PB 17-55 LOT 6 BLK 3 LOT SIZE 50.000 X 106 OR 20348-1932 04 2002 1

1/4 To Less Than 1/2 Acre Lot

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

City:Miami,Zoning:3901,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.8309855,Cooling Y N:1,Heating Y N:1,List Price:925000,Listing Id:A11690756,Longitude:-80.2177311,Mls Status:Active,Year Built:1964,Living Area:3712,Postal Code:33142,Street Name:61st St,Coordinates:1:25.8309855,Photos Count:29,Building Name:ORCHARD VILLA EXTENSION,Days On Market:6,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Orchard Villa Extension,On Market Date:2024-11-08,Parcel Number:01-31-14-043-0490,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:2,Street Number:1250,M I A M I R E_ Style:Fourplex,Public 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,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Miami Beach Real Estate Group,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:8241,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:ORCHARD VILLA EXTENSION,Tax Annual Amount:10225,Unparsed Address:1250 NW 61st St, Miami FL 33142,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3712,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:249.1918,Original List Price:925000,Public Survey Range:31,I D X Participation Y N:1,Syndication 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 Contract Date:2024-11-08,Originating System I D:miamire,Public Survey Section:14,Showing Instructions:Call Listing Agent,Street Number Numeric:1250,Tax Legal Description:14 53 41 ORCHARD VILLA EXT PB 17-55 LOT 6 BLK 3 LOT SIZE 50.000 X 106 OR 20348-1932 04 2002 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:2993,M I A M I R E_ Internet Remarks:This property at 1250 NW 61st Street is a fourplex, with each of the four units offering a 2-bedroom, 1-bath layout.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-11-08,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:249.19,Internet Automated Valuation Display Y N:1,