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Tranquilla, 121 NE 55th St
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OFF MARKET
4,176
SqFtStatus
OFF MARKETExpired
Size
4,176 SqFt (388 m2)
Price
$419/SqFt ($4,511/m2)
Type
Multifamily
Built
1924
MLS Number
A11739510
On Site
586 Days
Updated
552 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
Interior, Heating and Cooling
- Heating Description: None
- Cooling Description: Other
Building and Construction
- Floor Description: Other
- Year Built: 1924
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-02-05T16:35:34.000-00:00
Taxes, Fees & More
- Taxes: 18688
Apples-to-Apples Comparables
Price History
Current
$1.8M
High
$1.9M
Low
$1.8M
Total Change
-6.7%Date
Event
Price
Change
Price Per
03/11/2025
Price Reduced
$1.8M
-6.67%$419 ft2
$4,511 m2
02/05/2025
Listed
$1.9M
$449 ft2
$4,833 m2
03/11/2025
$1.8M
Event
Price Reduced
Change
-6.67%Price Per
$419 ft2
$4,511 m2
02/05/2025
$1.9M
Event
Listed
Price Per
$449 ft2
$4,833 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Ouri Kahn • City Group Consulting, LLC • Buyer Agency Compensation .
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Scores
90
100
52
100
79
100
71
100
0
100
33
100
3
100
Community Snapshot
$1.1M – $1.4M
Price Tier
822 - 4,289
SqFt Range
1940
Year Build
1
Total Floors
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