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1258 NW 61st St Miami, FL 33142
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Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,028 sqft
Price per Sqft $274
Subdivision Orchard Villa Extension
MLS Listing ID A11602823
Style Fourplex
Year Built 1959
Annual Tax Amount $11,000
Tax Year 2023
Property Description
Great investment return potential with increasing property value, this renovated Fourplex near Liberty City Square, an up and coming multibillion dollar development is a great purchase for first time homebuyers or savvy investors. Each unit has 2 bedrooms and 1 bathroom. Owner recently painted, updated the roof, driveway and minor electrical. Two tenants are months to month paying $1595 so property is perfect for FHA buyer or Conventional primary. The other two tenants lease expires February 2025 they are renting for $1800 and $1850. Mostly Expenses include trash $185, lights $32, and Lawn service $50 per month. Section 8 Rental income potential at $2250 per unit is $9000.
Location
State FL
County Miami-dade
Community Orchard Villa Extension
Area 31
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Tile
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Flat,Tile
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with Cervera Real Estate Inc.