Tranquilla
$1,750,000
121 NE 55th St, Miami, FL 33137
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 03/12/2025
4,176 sqft
Building Size
1
Units
Details:
Building Size: 4,176 sqft
Units: 1
Year Built: 1924
Floors: 2
Parking Spots: 8
Gross Leaseable Area: 4,176
Highlights:
- Lot Features: 1/4 To Less Than 1/2 Acre Lot
- Documents Available: Copy Of Lease(S)
- Architectural Style: Detached
- Cooling: Other
- Heating: None
- Flooring: Other
- Construction Materials: Other
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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