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$1,750,000

  • For Sale
  • Active
  • Multi-Family
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*** 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.

Full Property Details for 121 NE 55th St

General

  • Price: $1,750,000
  • Taxes: $18,688 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11739510
  • Updated: 3/11/2025
  • Added to Site: 345 day(s) ago

Rental Information

  • Rent Includes: Trash Collection, Water

Interior

  • Flooring: Other

Parking

  • Total Spaces: 8

Location

  • Area: Tranquilla
  • County: Miami-Dade County
  • Subdivision: TRANQUILLA
  • Building Name: TRANQUILLA

Community

  • Community Name: Tranquilla
  • Units Assoc/Comm: 1

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other
  • Heating Type: None

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Detached
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: Other
  • Roof: Other
  • Stories/Levels: 2
  • Building Size: 4176
  • Square Feet: 4,176
  • Living Area: 4,176 Sq. Ft.
  • Year Built: 1924
  • Property Condition: Substantially Remodeled

Unit Information

  • Units in Complex: 1

Lot Features

  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Zoning: 3900

Financial Considerations

  • Price Per Sq. Ft.: $419.06
  • Tax Amount: $18,688
  • Tax Year: 2023
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Documents Avail.: Copy Of Lease(S)
  • 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
  • Property ID: 01-31-13-064-0210

Listed by City Group Consulting, LLC

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Listing agent

— 121 NE 55th St —

  • City Group Consulting, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 NE 55th St

School District:Dade County School District
NameGradesDistance
Toussaint L'Ouverture Elementary
120 Northeast 59th Street, Miami, FL 33137
PK-50.2 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-81.6 mi
Miami Edison Senior High School
6161 Northwest 5th Court, Miami, FL 33127
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 NE 55th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/11/2025
Price Reduced
$1,750,000
-6.67%
MLS
2/05/2025
Listed
$1,875,000
27.55%
MLS
6/06/2022
Sold
$1,470,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 121 NE 55th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,688
8%
$939,073
11%
2023
$17,376
48%
$845,288
11%
2022
$11,766
26%
$760,566
74%
2021
$9,302
—
$437,812
8%
2021
$9,302
14%
$405,980
7%
2019
$8,144
10%
$379,558
10%
2018
$7,371
8%
$345,053
3%
2017
$6,797
9%
$335,370
18%
2016
$6,224
-1%
$285,169
1%
2015
$6,262
36%
$281,635
45%
2014
$4,613
15%
$194,892
10%
2013
$4,013
—
$177,175
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by City Group Consulting, LLC

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121 NE 55th St, Miami, FL 33137 (MLS# A11739510) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 121 NE 55th St is currently listed for $1,750,000 and was received on February 05, 2025. Want to learn more about 121 NE 55th St? Do you have questions about finding other Multi-Family real estate for sale in Little Haiti? You can browse all Little Haiti real estate or contact a Coldwell Banker agent to request more information.

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