121 NORTH EAST 55TH ST, Miami
$1,750,000 USD
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| Address | 121 NORTH EAST 55TH ST, Miami |
| Building Name | TRANQUILLA |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $1,750,000 |
| Previous Price | $1,875,000 (200 days ago) |
| Property Status | Active |
| MLS Number | A11739510 |
| Living Area | 4176 |
| Year Built | 1924 |
| Parking Space Number | 8 |
| Folio Number | 01-31-13-064-0210 |
| Zoning Information | 3900 |
| Days on Market | 234 |
Detailed 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.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33137 |
| Address | 121 NORTH EAST 55TH ST |
| Section | 13 |
| Zip Code (4 Digits) | 2465 |
Financial Information
| Price | $1,750,000 |
| Price per Foot | $0 |
| Previous Price | $1,875,000 |
| Folio Number | 01-31-13-064-0210 |
| Tax Amount | $18,688 |
| Tax Year | 2023 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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. |
| Roof Description | Other |
| Floor Description | Other |
| Cooling Description | Other |
| Heating Description | None |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 4176 |
| Zoning Information | 3900 |
| Year Built | 1924 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | TRANQUILLA |
| Development Name | TRANQUILLA |
| Construction Type | Other |
| Stories Number | 2.000 |
| Street Direction | North East |
| Parking Space Number | 8 |
| Listed with | City Group Consulting, LLC |