8 days on rocket

1250 NW 61st St, Miami, FL, 33142

$925,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,712 SqFt
$249/SqFt
Multi

Location

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1250 NW 61st St, Miami$925,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1964
HeatingCentral
CoolingCentral Air
MLS #A11690756
StatusActive

About 1250 NW 61st St

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

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1964
  • Stories: 2
  • Living Area: 3,712 SqFt

Listing Office:

  • Office Name: Miami Beach Real Estate Group
  • Office Phone: (305) 787-4798
  • Listing Agent: Diego Pineiro

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 1250 NW 61st St
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $925,000
  • Price Per SqFt: $249/SqFt

Tax Information:

  • Annual Amount: $6,493
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

1250 NW 61st St vs Miami

8 DAYS ON ROCKET

-52 Days

$925,000

+$364.5K More

$249/SqFt

-$141 Less

KEY TAKEAWAY

This property is $364.5K more than the Median Sold Price and $141/SqFt less than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11690756

Listing Office:

  • Office Name: Miami Beach Real Estate Group
  • Office Phone: (305) 787-4798
  • Listing Agent: Diego Pineiro

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,493$233,475
2018$5,701$194,777
2017$5,501$209,940

History based on county public records data.

Payment Calculator

$4,684

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,840

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-433410
5
/10

  • Orchard Villa Elementary School

  • 5720 NW 13th Ave

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-433411
4
/10

  • Holmes Elementary School

  • 1175 NW 67th St

  • 0.38 miles

  • Public District Grades PK-5

school-card-donut-433412
3
/10

  • Charles R. Drew K-8 Center

  • 1775 NW 60th St

  • 0.53 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,524. The majority of Miami, FL residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33142›1250 NW 61st St

This home is located at 1250 NW 61st St in Miami, FL and zip code 33142 in the Liberty City East neighborhood. This 3,712 square foot home was built in 1964. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $925,000.

Over 62 listings were sold over their listed price in October 2024 in Miami, FL. In the same period over 507 listings were sold below the listed price and 129 listings were sold for the listed price. Between September 2024 and October 2024, Miami, FL real estate market has seen increase in the number of listings by 8.3%. While the average time on the market in October 2024 was 60 days, the median list price was $560,436.

From Rocket Homes Real Estate and based on county public records data.

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