Tranquilla, 121 NE 55th St Miami, FL 33137

1,875,000(-6.67% )
$1,750,000Price
4,176SqFt

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Details

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Size: 4,176 ft2 / 388 m2
Price: $419 ft2 / $4,511 m2
Built: 1924
MLS Number: A11739510
On Site: 58 Days
Updated: 24 Days ago
Page Views: 0
*** 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.

Features

Bedrooms
Bathrooms
Exterior and Lot Features

Price History

03/11/2025

Date

Price Reduced

Event

$1.8M

Price

-6.67%

Change Rate

$419 ft2 / $4,511 m2

Price Per

02/05/2025

Date

Listed

Event

$1.9M

Price

$449 ft2 / $4,833 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Ouri KahnCity Group Consulting, LLC • Buyer Agency Compensation .

Instant Comparative Market Analysis

$200/ft²
$300/ft²
$400/ft²
$600/ft²

Unit 121 NE 55th St – Asking

$419/ft²

(+8%) from Closed Medium $/ft²

Closed Medium $/ft²

$389/ft²
Community $/Price Range (Closed) $375/ft² – $404/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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