Tranquilla, 121 NE 55th St, Miami, FL 33137

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

Save

Details

Save

Status:
Active
Size: 4,176 SqFt (388 m2)
Price: $419/SqFt ($4,511/m2)
Type: Multi Family
Built: 1924
MLS Number: A11739510
On Site: 176 Days
Updated: 142 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

          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 Kahn • City Group Consulting, LLC • Buyer Agency Compensation .

          Instant Comps

          $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.
          THINKING OF SELLING IN Tranquilla at Miami?

          Request a Comparative Market Analysis (CMA), It's free and comes with no obligation.

          Miami
          Premium Homes & Condos

          Logo

          The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

          Company
          Legal
          Social Media

          About Us

          Privacy Policy

          Facebook

          Press Room

          Terms of Use

          Instagram

          Blog

          DMCA Notice

          LinkedIn

          Contact Us

          Accessibility

          Pinterest

          Copyright © 2025 Subdivisions.com • All Rights Reserved • Made with ❤ in Miami, Florida.