121 Ne 55th St

*** 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.

Essential Information

MLS® #A11739510
Price$1,750,000
Bathrooms0.00
Square Footage4,176
Year Built1924
TypeResidential Income
Sub-TypeQuadruplex
StyleFourplex
StatusActive

Community Information

Address121 Ne 55th St
Area31
SubdivisionTRANQUILLA
CityMiami
CountyMiami-Dade
StateFL
Zip Code33137-2465

Amenities

UtilitiesCable Available

Interior

InteriorOther
HeatingNone
CoolingOther
# of Stories2
StoriesTwo

Exterior

RoofOther
ConstructionOther

Additional Information

Listing Courtesy ofCity Group Consulting, LLC
Date ListedFebruary 5th, 2025

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Price Change History for 121 Ne 55th St, Miami, FL (MLS® #A11739510)

Date	Details	Change
03/11/2025	Price Reduced from $1,875,000 to $1,750,000	$125,000 (6.67%)

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121 Ne 55th St, Miami, FL – $1,750,000