*** 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.
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.
Property Details
Price:
$1,875,000
MLS #:
A11739510
Status:
Active
Beds:
0
Baths:
0
Address:
121 NE 55th St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
TRANQUILLA
Neighborhood:
Tranquilla
City:
Miami
Listed Date:
Feb 5, 2025
State:
FL
Finished Sq Ft:
4,176
Total Sq Ft:
4,176
ZIP:
33137
Year Built:
1924
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Schools
Interior
Cooling
Other
Flooring
Other
Heating
None
Exterior
Architectural Style
Detached
Construction Materials
Other
Parking Spots
8
Roof
Other
Financial
Tax Year
2023
Taxes
$18,688
Map
Community
- Address121 NE 55th St Miami FL
- SubdivisionTRANQUILLA
- CityMiami
- CountyMiami-Dade County
- Zip Code33137
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121 NE 55th St
Miami, FL
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