121 NE 55th St, Miami FL, 33137

Active

121 NE 55th St

Miami FL, 33137

$1,975,000

$472.94 per sqft

Active

4,176 sqft

Multi-family

Built in 1924

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!

A11679941

MLSⓇ ID

October 21, 2024

Listed

October 22, 2024

Updated

Map

121 NE 55th St
Miami FL, 33137

Interior Features

Total Stories: 2
Floor Description: Other
Fireplace: No
Cooling: Yes
Cooling Description: Other
Heating: No
Heating Description: None

Exterior/Building Features

Lot Features: 1/4 To Less Than 1/2 Acre Lot
Architectual Style: Detached
Roof: Other
Sewer: Public Sewer

Other Property Details

Area Name: Tranquilla
Taxes: $17,376
Tax Frequency: Annually
Days on Market: 1
Garage: No
Parking Total: 8
View: No
County: Miami-Dade County
Pool: No
Zoning: 3900

Listed by: City Group Consulting, LLC
Listing Contact: 954-274-2274

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 6:23 AM UTC, 10/22/2024.