Home » Miami » 121 NE 55th St, Miami, FL 33137 | A11679941

Fourplex (Quadruplex) For Sale 121 NE 55th St, Miami, FL 33137

$1,975,000

Property Highlights

Listing ID A11679941 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 4,176 Sqft/387.96 m2 approx. Building Area 4,176 Sqft/387.96 m2 approx. Year Built 1924 Time of this property on Rebonus 95 Day(s)

121 NE 55th St, Miami, FL 33137

Property 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!

Useful Info

Original List Price:$1,975,000

Lease Details

Rent Includes:
  • Trash Collection
  • Water

Land Lot (Parcel) Details

Lot Features:
  • 1/4 To 1/2 Acre Lot
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Fourplex
Levels:Two
Construction Materials:
  • Other
Flooring:
  • Other
Stories:2

Property Features

Waterfront:No
Roof:
  • Other
Air Conditioning System:
  • Other

Taxes and Expenses

Tax Annual Amount:$17,376

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects No Exemptions

Terms

Documents Available:
  • Lease
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Subdivision Name:TRANQUILLA
Senior Community:No

Parking

Parking Total Spaces:8
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects No Exemptions
Flood ZoneX
Type of AssociationNone
StyleFourplex
FEMA Flood Zone DesignationsX
Municipal Code1
Ref1090401462
Subdivision Number64

Zoning and Legal

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
Real Estate Folio Number (Parcel Number):01-31-13-064-0210
Zoning Description:3900
Public Survey Township:1
Public Survey Range:31
Public Survey Section:13

Listing History

Update/EventDate/Days
Published Date:October 21, 2024 7:01 pm
On Market Date:October 21, 2024
Price Change Date Time:October 21, 2024 3:00 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:October 21, 2024 7:01 pm
Status Last Changed:October 21, 2024 7:01 pm
Photos Last Modified:January 24, 2025 8:49 pm
Last Modified:January 24, 2025 8:25 pm
Days on the Market Reference Date:January 24, 2025
Days on the Market (updated on Last Modified*):95
Cumulative Days on the Market (updated on Last Modified**):95

Additional Information

Lot Size Range:1/4 To Less Than 1/2 Acre Lot
Number of Photos:18
Location:,,1/4 To Less Than 1/2 Acre Lot
Included:,,
Area:31
Automated Valuation Display:Yes
Courtesy of:City Group Consulting, LLC
Universal Property Id:US-12025-N-0131130640210-R-N

Location

Show Property Address:Yes
Street Name:55th St
Street Number:121
Street Direction Prefix:NE
Street Address:121 NE 55th St
City : Miami
State : Florida
Zip Code : 33137
County : Miami-Dade
Full Address:121 NE 55th St, Miami, FL 33137
Latitude:N25° 49' 35.1''
Longitude:W81° 48' 22.5''

Neighborhood

Postal City:Miami

Property Map