Price Reduced 6.67%

$1,750,000 ($419.06 per sqft)

Est. Mortgage $8,507/mo *

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Price History

$1,875,000
2/5/2025

$1,750,000
3/11/2025

121 NE 55th St, Miami, FL, 33137

121 NE 55th St, Miami, FL, 33137
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1924

Fourplex

4,176 sqft

*** 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.

Status:

Active

Type:

Multi-family

Zoning:

3900

Subdivision:

TRANQUILLA

Heating:

None

Cooling:

Other

Parking:

8-car

Est. Taxes:

$18,688

Construction

Other

Utilities

Cable Available

Lot Description:

1/4 to 1/2 Acre Lot

Days on Market:

34

Pool:

None

MLS #:

A11739510

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of City Group Consulting, LLC Phone: 954-274-2274