New Listing - 11/08/2024

$925,000 ($249.19 per sqft)

Est. Mortgage $4,800/mo *

Quick Pre-Approval

1250 NW 61st St, Miami, FL, 33142

1250 NW 61st St, Miami, FL, 33142

1964

Fourplex

3,712 sqft

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


Status:

Active

Type:

Multi-family

Zoning:

3901

Subdivision:

ORCHARD VILLA EXTENSION

Heating:

Central

Cooling:

Central Air

Parking:

4-car

Est. Taxes:

$10,225

Construction

Block

Utilities

Cable Available

Lot Description:

1/4 to 1/2 Acre Lot

Pool:

None

MLS #:

A11690756


Community Info

School Info

Walk Score

Yelp



Listing courtesy of Miami Beach Real Estate Group Phone: 305-787-4798