$1,750,000
$125K PRICE DROP

121 NE 55th St Miami, FL 33137

Little Haiti Neighborhood

Estimated payment $11,325/month

Total Views 1,646
-- Bed
-- Bath
4,176 Sq Ft
$419 Price per Sq Ft

Highlights

  • No HOA
  • No Heating
  • 4-minute walk to Lemon City Park
  • Cooling Available

About This Home

*** 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.

Listing Agent

Ouri Kahn

City Group Consulting, LLC License #0684120

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,688

Year Built

  • Built in 1924

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled

Interior Spaces

  • 4,176 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling Available
  • No Heating

Community Details

  • No Home Owners Association
  • Tranquilla Condos
  • Tranquilla Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-13-064-0210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,688

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1924
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: TRANQUILLA
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 4176
  • Stories: 2

Exterior Features

  • Roof: Other
  • Construction Type: Other
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: TRANQUILLA
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-13-064-0210
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 18688

Multi Family

  • Number Of Units In Community: 1

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2025 03/11/25 Price Changed $1,750,000 -6.7% $419 / Sq Ft
02/05/2025 02/05/25 For Sale $1,875,000 -- $449 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11739510

MIAMI REALTORS® MLS

Florida Miami/Dade County Miami 33137 Little Haiti

121 NE 55th St, Miami, FL

Homes for Sale in Miami, FL

This home is located at 121 NE 55th St, Miami, FL 33137 and is currently priced at $1,750,000, approximately $419 per square foot. This property was built in 1924. 121 NE 55th St is a home located in Miami-Dade County with nearby schools including Toussaint L'Ouverture Elementary, Jose De Diego Middle School, and Miami Edison Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Ouri Kahn
Listing Agent
Ouri Kahn
Section Image
City Group Consulting, LLC
(954) 274-2274