121 NE 55th St, Miami FL 33137

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121 NE 55th St, Miami FL 33137

121 55th St, Miami, FL 33137

1750000

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Type

Residential Income, Quadruplex

Rooms

Baths

Size

4176 sqft

Price / sqft

Built in

1924

Price / sqft

Lot size (acres)

Neighbourhood

Miami

Edgewater

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days listed online

Listing updated:

March 12, 2025 2:55 AM

Listed by:

Ouri Kahn

Source:

A-Miami Association of REALTORS

What's special

*** 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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms:
0
Bathrooms:
0
Full bathrooms:
1/2 bathrooms:

Heating

None

Cooling

Other

Appliances

Included:
Laundry:

Features

Built-in Features:
Flooring: Other
Windows:

Interior area

Total interior livable area:
4176
sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features:
Garage spaces:

Features

Stories:
2
Entry location:
Exterior features:
Has private pool:
Yes
Pool features:
Has view:
Yes
View description:
Has water view:
Yes
Water view:

Lot

Size:
Acres

Details

Parcel number: 01-31-13-064-0210
Zoning:
3900

Construction

Materials

Roof: Other

Condition

New construction:
No
Yes
Year built:
1924

Utilities & green energy

Sewer:
Public Sewer
Water:

Community

Features:

Financial & listing details

Price per square foot:
0
Annual tax amount:
$18688
Date on market:
February 5, 2025
Listing terms: All Cash, Conventional

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Loan Term

The term of your mortgage loan is how long you have to repay the loan. For most types of homes, mortgage terms are typically 15, 20 or 30 years.

Interest Rate

An interest rate on a mortgage loan is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan. For example, if the mortgage loan is for $100,000 at an interest rate of 4 percent, that consumer has agreed to pay $4,000 each year he or she borrows or owes that full amount.

Total monthly payment

Calculations are provisional. For a final offer, seek personal advice.

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