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Tranquilla

$1,750,000

121 NE 55th St, Miami, FL 33137

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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