Closed

Orchard Villa, 1250 NW 61st St Miami, FL 33142

925,000(-8.92% )
$842,500Price
3,712SqFt

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Details

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Status:
Sold
Size: 3,712 ft2 / 345 m2
Price: $227 ft2 / $2,443 m2
Type: Multi Family
Built: 1964
MLS Number: A11690756
On Site: 159 Days
Updated: 50 Days ago
Page Views: 0
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

Bedrooms
Bathrooms
Exterior and Lot Features

Price History

02/07/2025

Date

Sold

Event

$842.5K

Price

-8.92%

Change Rate

$227 ft2 / $2,443 m2

Price Per

11/08/2024

Date

Listed

Event

$925K

Price

$249 ft2 / $2,682 m2

Price Per

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

Listed by Diego PineiroMiami Beach Real Estate Group • Buyer Agency Compensation .

Instant Comparative Market Analysis

$100/ft²
$200/ft²
$400/ft²
$700/ft²

Unit 1250 NW 61st St – Asking

$227/ft²

(+6%) from Closed Avg. $/ft²

Closed Avg. $/ft²

$214/ft²
Community $/Price Range (Closed) $214/ft² – $503/ft²
UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
1202 NW 61st St4/83,824$214$820,0005/15/2024
Bed/Bath: 4/8Size SqFt: 3,824$/SqFt: $214Sold: $820,000Closed Date: 5/15/2024
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