$1,750,000

121 NE 55th St, Miami, FL 33137

4,176 sqft

Multi-Family Home
Built in 1924
—— sqft lot
—— car garage
$419/sqft
Listed 10 months ago

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.

Listing Status:: Active
Date Added:: February 5, 2025 at 06:00AM
Listing Office:: City Group Consulting, LLC : 954-274-2274
Listing Agent:: Ouri Kahn : 954-274-2274
MLS ID:: A11739510

Flooring: Other
A/C: Other
Heating: None

Style: Detached

Roofing: Other
General: Other2

Originating MLS: Miami Association of REALTORS®
County: Miami-Dade County

Zoning: 3900TRANQUILLA PB 4-55 LOT 8 BLK 2 LOT SIZE 50.000 X 143 OR 12911-3431 1185 4 COC 26527-3793 06 2008 401-31-13-064-0210

Sewer: Public Sewer

Source: Miami Association of REALTORS®

This listing courtesy of Ouri Kahn, City Group Consulting, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Toussaint L'Ouverture Elementary School

120 NE 59th St, Miami, FL, 33137

Grades PK-5

0.21 miles away

Young Men's Preparatory Academy

3001 NW 2nd Ave, Miami, FL, 33127

Grades 6-12

1.51 miles away

Itech@Thomas a Edison Educational Center

6101 NW 2nd Ave, Miami, FL, 33127

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.