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121 NE 55th St, Miami FL 33137,Miami,Miami-Dade County,Residential Income

$1,750,000

Residential Income Active

121 NE 55th St, Miami FL 33137

WhatsApp Pinterest Facebook Twitter Linkedin Email

Residential Income Active

121 NE 55th St, Miami FL 33137,Miami,Miami-Dade County,Residential Income

121 NE 55th St, Miami FL 33137

$1,750,000

Overview

Quadruplex
Property Type

4176
Square Feet

1924
Year Built

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.

Address

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Address 55th St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33137
Area TRANQUILLA

Details

Updated on March 11, 2025 at 5:21 pm

Price: $1,750,000
Property Size: 4176 Square Feet
Year Built: 1924
Property Type: Quadruplex
Property Status: Residential Income

Additional details

StreetDirPrefix: NE
PublicSurveyRange: 31
ShowingInstructions: See Broker Remarks
ListAgentKey: 9873231324c2f2d5de78684d580da602
TaxLegalDescription: TRANQUILLA PB 4-55 LOT 8 BLK 2 LOT SIZE 50.000 X 143 OR 12911-3431 1185 4 COC 26527-3793 06 2008 4
OnMarketDate: 2025-02-05
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2025-02-05
MajorChangeTimestamp: 2025-03-11T14:51:46.280Z
Flooring: Other
PhotosCount: 16
Cooling: Other
StatusChangeTimestamp: 2025-02-05T21:35:34.223Z
MIAMIRE_TypeofAssociation: None
BuildingName: TRANQUILLA
MIAMIRE_AdjustedAreaSF: 3710
PriceChangeTimestamp: 2025-03-11T14:51:46.280Z
ListingKeyNumeric: 406760429
MajorChangeType: Price Decrease
ListingContractDate: 2025-02-05
Zoning: 3900
ListAOR: A-Miami Association of REALTORS
MLSAreaMajor: Tranquilla
TaxAnnualAmount: 18688
ListOfficeName: City Group Consulting, LLC
MIAMIRE_RATIO_CurrentPrice_By_SQFT: 419.06
OriginatingSystemKey: miamire
PhotosChangeTimestamp: 2025-02-05T21:42:00.373Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 954-274-2274
MlsStatus: Active
StreetNumber: 121
ListingKey: 0ab17ad6e3301024301aca649a7facde
StateOrProvince: FL
ListOfficeKey: f82ec2d7affe2f5c9ed3a61ab90cd01c
BridgeModificationTimestamp: 2025-03-11T14:55:18.458Z
ListAgentFullName: Ouri Kahn
Roof: Other
PropertyCondition: Substantially Remodeled
ParkingTotal: 8
ListAgentOfficePhone: 954-274-2274
Stories: 2
ParcelNumber: 01-31-13-064-0210
ListingTerms: All Cash,Conventional
YearBuiltDetails: Resale
OtherExpense: 0
Possession: Funding
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 0684120
StoriesTotal: 2
ModificationTimestamp: 2025-03-11T14:51:46.280Z
OriginatingSystemID: miamire
PreviousListPrice: 1875000
DaysOnMarket: 34
ListOfficeMlsId: CGCL01
ListAgentDirectPhone: 954-274-2274
StreetNumberNumeric: 121
PostalCodePlus4: 2465
NumberOfUnitsInCommunity: 1
Sewer: Public Sewer
SyndicationRemarks: *** 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.
Heating: None
MIAMIRE_LPAmtSqFt: 419.0613
StructureType: Quadruplex,Fourplex
ListAgentStateLicense: 0684120
PublicSurveyTownship: 31
StreetName: 55th St
ListOfficeFax: 954-237-2541
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 13
OriginalListPrice: 1875000
BuildingAreaUnits: Square Feet
RentIncludes: Trash Collection,Water
InternetEntireListingDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
TaxYear: 2023
OriginalEntryTimestamp: 2025-02-05T21:35:34.223Z
SourceSystemKey: 406760429
LotFeatures: 1/4 To Less Than 1/2 Acre Lot
DocumentsAvailable: Copy Of Lease(S)
ConstructionMaterials: Other
MIAMIRE_Style: Fourplex
LotSizeSquareFeet: 0
ArchitecturalStyle: Detached
InternetConsumerCommentYN: 1
BuildingAreaTotal: 4176