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

121 55th St for Sale

Price $1,875,000.00

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

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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11739510 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. *** FINANCING !!! *** Buyer may qualify for a $1M loan, IO for 3 years @ market rate.

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

*** 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.

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:1875000,Listing Id:A11739510,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:16,Building Name:TRANQUILLA,Days On Market:15,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:2025-02-05,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,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:18688,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:448.9943,Original List Price:1875000,Public Survey Range:31,I D X Participation Y N:1,Listing Contract Date:2025-02-05,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,Contract Status Change Date:2025-02-05,Internet Address Display Y N:1,Number Of Units In Community:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,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:448.99,Internet Automated Valuation Display Y N:1,