121 NE 55th St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33137
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,176 sqft
Price per Sqft $472
Subdivision Tranquilla
MLS Listing ID A11679941
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1924
Annual Tax Amount $17,376
Tax Year 2023
Property Description
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!
Location
State FL
County Miami-dade
Community Tranquilla
Area 31
Interior
Heating None
Cooling Other
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Other
Total Parking Spaces 8
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