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121 NE 55th St

Miami, FL 33137
  • $1,975,000
  • STATUS: Active
  • ON SITE: 83 Days
  • MLS #: A11679941
UPDATED: 48 min ago
$1,975,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,176
    SQFT
  • $473
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

Description

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. Don't miss out on this fantastic investment in one of Miami's hottest growing neighborhoods!

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Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2025-01-13T08:50:49.693.
www.roseharrisgroup.com/homes/157005188
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121 NE 55th St Miami, FL 33137

  • Price: $1,975,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 48 min ago
  • MLS #: A11679941
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,176
SQFT
$473
$/SQFT
1924
Built
Neighborhood:
Tranquilla
County:
Miami-Dade
Area:
Tranquilla
Property Description
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. Don't miss out on this fantastic investment in one of Miami's hottest growing neighborhoods!
Exterior Features

Architectural Style Detached Construction Materials Other Lot Features 1/4 To Less Than 1/2 Acre Lot Parking Total 8 Pool Private YN No Roof Other View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 3710 Building Area Total 4176 Cooling Other Flooring Other Heating None Heating YN No Stories 2

Property Features

Association YN No Building Name TRANQUILLA Cooling YN Yes Documents Available Copy Of Lease(S) Horse YN No Listing Terms All CashConventional New Construction YN No Property Sub Type Quadruplex Public Survey Section 13 Rent Includes Trash CollectionWater Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 17376 Tax Year 2023 Type Of Association None Year Built Details Resale Zoning 3900

Listing courtesy of City Group Consulting, LLC: .


Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2025-01-13T08:50:49.693.
 
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The Rose Harris Group | ONE Sotheby's International Realty
119 Washington Ave
Miami Beach FL, 33139