Active
121 NE 55th St
Miami FL, 33137
$1,750,000
$419.06 per sqft
Active
4,176 sqft
Multi-family
Built in 1924
*** FINANCING !!! ***
Buyer may qualify for a $1M loan, IO for 3 years @ market rate.
This fully rented 8-unit building is a prime investment opportunity! Recently renovated with room for rent increases, it currently generates $12,700 in gross income with a projected gross income (PGI) of $14 to $15K. Managed by the owner with very low expenses, this property offers great cash flow potential. Located in a rapidly developing area with major changes and new multifamily construction on the horizon, this property has incredible future upside.
A11739510
MLSⓇ ID
February 5, 2025
Listed
March 11, 2025
Updated
Interior Features
Total Stories
2
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
No
Heating Description
None
Exterior/Building Features
Lot Features
1/4 To Less Than 1/2 Acre Lot
Architectural Style
Detached
Roof
Other
Sewer
Public Sewer
Other Property Details
Area Name
Tranquilla
Taxes
$18,688
Tax Frequency
Annually
Days on Market
34
Garage
No
Parking Total
8
View
No
County
Miami-Dade County
Zoning
3900
Listing History
Date | Event | Price |
|---|---|---|
3/11/2025 | Price change | $1,750,000 -7% |
Listed by: City Group Consulting, LLC
Listing Contact: 954-274-2274
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 11:02 PM UTC, 3/11/2025.