Basic Information

  • MLS # A11739510
  • Type Quadruplex
  • Status Active
  • Subdivision/Complex Tranquilla
  • Year Built 1924
  • Total Sqft 4,176
  • Date Listed 02/05/2025
  • Days on Market 140
Description

*** 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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Other
  • Parking Description
  • Roof Description Other
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 4,176Sq.Ft
  • Cooling Description Other
  • Floor Description Other
  • Heating Description None
  • Sqft 4,176 Sq.Ft

Property Features

  • Address 121 NE 55th St
  • Aprox. Lot Size 4,176
  • Architectural Style Fourplex
  • City Miami
  • Construction Materials Other
  • County Miami- Dade
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional
  • Lot Features Quarter To Half Acre Lot
  • Occupant Type Tenant
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Miami
  • Public Survey Section Two
  • Public Survey Township 1
  • Roof Other
  • Sewer Description Public Sewer
  • Stories 2
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Tranquilla
  • Tax Amount $18,688
  • Tax Legal desc T R A N Q U I L L A P B4-55 L O T8 B L K2 L O T S I Z E50.000 X143 O R12911-343111854 C O C26527-37930620084
  • Tax Year 2023
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex
  • Year Built Details Resale

121 NE 55th St

Miami, FL 33137

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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. Listing courtesy of: City Group Consulting, LLC. tel: 954-274-2274

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