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
- Address 1250 NW 61st St
- City Miami
- County Miami-Dade
- Zip 33142
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Price
$925,000
($249 / SqFt) - Status Active
- Subdivision Orchard Villa Extension
- Pets Allowed No
- MLS® # A11690756
- Property Type Residential Income
- Property Sub TypeQuadruplex
- Status Active
- Square Feet 3,712
- Year Built 1964
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $10,225
- Tax Year 2023
Miami, FL 33142
Miami, FL 33142
Miami, FL 33142
Miami, FL 33142
Miami, FL 33142
Miami, FL 33142