121 55th St ,Detached, Quadruplex, Tranquilla for Sale

121 55th St for Sale

Price $1,975,000.00

• Lot size 4176
• Year Build 1924
• Waterfront
• Zip 33137
• Style Detached
• Parking Description
• Pool Yes
• Status Active

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!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11679941 All units are currently occupied. Please drive by the property and submit offers prior to scheduling any showings. For all inquiries, kindly reach out via email to OuriKahn@yahoo.com. Thank you for your cooperation.

TRANQUILLA PB 4-55 LOT 8 BLK 2 LOT SIZE 50.000 X 143 OR 12911-3431 1185 4 COC 26527-3793 06 2008 4

1/4 To Less Than 1/2 Acre Lot

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!

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.8264111,Cooling Y N:1,List Price:1975000,Listing Id:A11679941,Longitude:-80.1937397,Mls Status:Active,Year Built:1924,Living Area:4176,Postal Code:33137,Street Name:55th St,Coordinates:1:25.8264111,Photos Count:7,Building Name:TRANQUILLA,Days On Market:1,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Tranquilla,On Market Date:2024-10-21,Parcel Number:01-31-13-064-0210,Parking Total:8,Property Type:Residential Income,Rent Includes:1:Water,Stories Total:2,Street Number:121,M I A M I R E_ Style:Fourplex,Public Remarks: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!,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:City Group Consulting, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2465,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:TRANQUILLA,Tax Annual Amount:17376,Unparsed Address:121 NE 55th St, Miami FL 33137,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:4176,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:472.9406,Original List Price:1975000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks: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!,Listing Contract Date:2024-10-21,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:See Broker Remarks,Street Number Numeric:121,Tax Legal Description:TRANQUILLA PB 4-55 LOT 8 BLK 2 LOT SIZE 50.000 X 143 OR 12911-3431 1185 4 COC 26527-3793 06 2008 4,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3710,M I A M I R E_ Internet Remarks:This fully rented 8-unit building is a prime investment opportunity! Recently renovated with room for rent increases.,Contract Status Change Date:2024-10-21,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:472.94,Internet Automated Valuation Display Y N:1,