Miami, FL 33137 121 NE 55th St
$1,750,000
11 more
Presented By: This listing is courtesy of City Group Consulting, LLC;
Beds • 12
Baths • 8
SQFT • 4,176
Home Details
*** 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.
Presented By: This listing is courtesy of City Group Consulting, LLC;
Interior Features for 121 NE 55th St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther
Heating Y/NNo
General for 121 NE 55th St
Additional Parcels Y/NNo
Architectural StyleFourplex
Attached Garage No
Carport Y/NNo
CityMiami
Construction MaterialsOther
CoolingOther
CountyMiami-Dade
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionTRANQUILLA PB 4-55 LOT 8 BLK 2 LOT SIZE 50.000 X 143 OR 12911-3431 1185 4 COC 26527-3793 06 2008 4
LevelsTwo
Listing TermsCash, Conventional
Lot Size UnitsSquareFeet
MLS Area31
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
Pool FeaturesNone
PossessionClosingAndFunding
PostalCityMiami
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesTrashCollection, Water
RoofOther
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsSee Broker Remarks
Standard StatusActive
StatusActive
Stories2
Subdivision NameTRANQUILLA
Tax Annual Amount18688.0
Tax Year2023
UtilitiesCableAvailable
Virtual TourClick here
Year Built1924
Year Built DetailsResale
Zoning Description3900
Exterior for 121 NE 55th St
Building Area Total4176.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesQuarterToHalfAcreLot
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking8.0
WaterfrontY/NNo
Additional Details
Price History
Guzman "Kancho" Erramuspe
Broker Associate
