See all 16 photos

$1,750,000

Est. payment - /mo

4,176 SqFt

Price Dropped by $125K

121 NE 55th St Miami, FL 33137

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Sammy Hernandez

sammysellsmiami@gmail.com +1(786) 203-8671

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,176 sqft

Price per Sqft $419

Subdivision Tranquilla

MLS Listing ID A11739510

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1924

Annual Tax Amount $18,688

Tax Year 2023

Property Sub-Type Quadruplex

Property 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.

Location

State FL

County Miami-dade

Community Tranquilla

Area 31

Interior

Heating None

Cooling Other

Flooring Other

Exterior

Pool None

Utilities Available Cable Available

Roof Type Other

Total Parking Spaces 8

Private Pool No

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Other

Construction Status Resale

Others

Tax ID 01-31-13-064-0210

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11739510

Listed by City Group Consulting, LLC

+1(786) 203-8671

sammysellsmiami@gmail.com

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