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121 NE 55th StMiami, FL 33137

For Sale

$1,750,000

Smart Buyer Rebate $17,500

*** 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.

Listed by Ouri Kahn

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License #0684120

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City Group Consulting, LLC

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954-274-2274

Last updated March 11, 2025

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Source: MIAMIRE #A11739510

Listing Facts

  • TypeMulti-family
  • NeighborhoodCreole District
  • Days on Prevu308
  • Taxes$18,688/year
  • Size4,176 sqft
  • Price per sqft$419

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

03/11/2025
Price Decreased
$1,750,000
02/05/2025
Listed by City Group Consulting, LLC
$1,875,000

Property Details for 121 NE 55th St

Association

General

  • Number Of Units In Community: 1

Exterior

Construction

  • Property Condition: Substantially Remodeled
  • Roof: Other
  • Stories: 2
  • Stories Total: 2
  • Structure Type: Quadruplex, Fourplex
  • Year Built: 1924
  • Year Built Details: Resale
  • Architectural Style: Detached
  • Building Name: TRANQUILLA
  • Construction Materials: Other

Measurements

  • Building Area Total: 4,176
  • Building Area Units: Square Feet
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 01-31-13-064-0210
  • Tax Annual Amount: $18,688.00
  • Tax Year: 2023

Interior

Features

  • Flooring: Other

Measurements

  • Living Area: 4,176
  • Living Area Units: Square Feet

Other

Location

  • Subdivision Name: TRANQUILLA

Parking

Parking

  • Parking Total: 8

Utilities

Equipment

  • Cooling: Other
  • Has Cooling: Yes
  • Sewer: Public Sewer

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 121 NE 55th St.

Does this multi-family home have parking?

Yes, there are 8 parking spaces available for 121 NE 55th St.

What are the annual taxes for 121 NE 55th St?

Annual taxes for this multi-family home are estimated at $18,688.

How does 121 NE 55th St compare to other multi-family homes in Creole District?

This multi-family home is listed 61% above the average price for multi-family homes in Creole District and has been on the market for 195 more days than the typical home in this area.

What building or home owners association is the multi-family home part of?

This multi-family home is in the TRANQUILLA building.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,176 sqft.

121 NE 55th St is a -bedroom multi-family home for sale in Miami FL 33137. Available on Prevu for 308 days at $1,750,000. This includes a recent price decrease of $125,000. This residence features 4,176 square feet of living space, located in Creole District. The median listing price for multi-family homes in this area is $690,000. Property amenities include pets allowed and parking. Browse more multi-family home listings in Miami.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.