$690,000
$719,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
1243 NW 61st St Miami, FL 33142
3,404 SqFt
Key Details
Sold Price $690,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,404 sqft
Price per Sqft $202
Subdivision Orchard Villa Extension
MLS Listing ID A11199583
Sold Date 09/28/22
Style Fourplex
Construction Status New Construction
HOA Y/N No
Year Built 1964
Annual Tax Amount $3,656
Tax Year 2021
Contingent No Contingencies
Property Description
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!
Location
State FL
County Miami-dade County
Community Orchard Villa Extension
Area 31
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Concrete
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status New Construction
Others
Tax ID 01-31-14-043-0400
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with JMK Real Estate Agents LLC
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