121 NE 55th St, Miami, FL 33137

Building Details

Year Built

1924

Listing agent ouri Kahn License #0684120

Listing office City Group Consulting, LLC

Listing date Oct 22, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of City Group Consulting, LLC

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Overview

This fully rented 8-unit building presents an investment opportunity. The property has been recently renovated and offers potential for rent increases. Currently, the building generates $12,700 in gross income with a projected gross income between $14,000 and $15,000. The property is located in a rapidly developing area experiencing major changes and new multifamily construction.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.193743

Latitude

25.82647

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FAQs

What type of property is this?

Apartment building - Fully rented 8-unit building with income potential in developing area.

Where is this apartment building located?

The property is located at 121 NE 55th St Miami, FL.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Potential for $1M interest‑only loan for 3 years at market rate.; Fully rented 8‑unit building generating $12,700 in gross monthly income.; Projected gross monthly income of $14,000 - $15,000.