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 $448
Subdivision Tranquilla
MLS Listing ID A11739510
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1924
Annual Tax Amount $18,688
Tax Year 2023
Property Sub-Type Quadruplex
Property 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.
Location
State FL
County Miami-dade
Community Tranquilla
Area 31
Interior
Heating None
Cooling Other
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Roof Type Other
Total Parking Spaces 8
Private Pool No
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
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11739510