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Multi Family - TRANQUILLA for Sale

121 NE 55TH ST, MIAMI, FL 33137

Asking Price$1,750,000 Change Price$125,000

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  • Days on market:

    34 day(s)
  • Adjusted Area:

    3710 sqft
  • Original Price:

    $1,875,000
  • Price per sqft:

    $419.06
  • 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
  • Tax Year:

    2023
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Construction Type:

    Other
  • Roof:

    Other
  • Cooling Description:

    Other
  • Heating Description:

    None
  • Floor Description:

    Other
  • Lot Features:

    1/4 To Less Than 1/2 Acre Lot
  • Type of Association:

    None

Description

$1,750,000 • living size area 4176 sqft

*** 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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