Closed

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

925,000(-8.92% )
3,712SqFt

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Details

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Status:
Sold - Feb 07, 2025
Size: 3,712 SqFt (345 m2)
Price: $227/SqFt ($2,443/m2)
Type: Multi Family
Built: 1964
MLS Number: A11690756
On Site: 278 Days
Updated: 169 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
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Tile
        • Year Built: 1964
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-11-08T17:47:03.000-00:00
          Taxes, Fees & More
          • Taxes: 10225

          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 Comps

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

          Unit 1250 NW 61st St – Asking

          $227/ft²

          (-22%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $291/ft²
          Community $/Price Range (Closed) $227/ft² – $503/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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