Closed

Orchard Villa, 1243 NW 61st St, Miami, FL 33142

$690,000Price
3,404SqFt

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Details

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Status:
Sold - Sep 28, 2022
Size: 3,404 SqFt (316 m2)
Price: $203/SqFt ($2,182/m2)
Type: Multi Family
Built: 1964
MLS Number: A11199583
On Site: 1172 Days
Updated: 1029 Days ago
Page Views: 0
Exceptional fourplex located in the thriving nw miami market. Consists of 4 two-bedroom/1-bath units, totaling 3400 of rentable square feet. Situated on a 5,300 s/f lot, this exceptional property is being offered for sale at $719,000. A great investment opportunity for those looking to take advantage of the overwhelming surge of upward pressure on rents and development in the area. The building is currently approved and functioning as section 8. As the new owner you have the opportunity to value-add by increasing rents which are currently below market. Now collecting $3,800 monthly, market is around $7,400 ($1900 x 4)rents for similar properties in the area are fetching up to $2300.00/door! Please do not disturb the tenants. 48hrs notice for showings, pof required. No sight-unseen offers!
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: CeramicTile
        • Year Built: 1964
        • Year Built Description: New Construction
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2022-05-16T15:29:22.047-00:00
          Taxes, Fees & More
          • Taxes: 3656

          Price History

          05/16/2022

          Date

          Listed

          Event

          $690K

          Price

          $203 ft2 / $2,182 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Rafael Benavides • The Keyes Company • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $200/ft²
          $400/ft²
          $700/ft²

          Unit 1243 NW 61st St – Asking

          $203/ft²

          (-26%) from Closed Avg. $/ft²

          Closed Avg. $/ft²

          $274/ft²
          Community $/Price Range (Closed) $227/ft² – $503/ft²
          UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
          1258 NW 61st St4/83,028$274$830,00010/1/2024
          Unit: 1258 NW 61st St
          Bed/Bath: 4/8Size SqFt: 3,028$/SqFt: $274Sold: $830,000Closed Date: 10/1/2024
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          The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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