121 55Th StMiami, FL 33137

Property Details for 121 55Th St

Year built

1924

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This fully-rented, 8-unit apartment building presents a compelling investment opportunity in Miami, Florida. Constructed in 1924 and situated at 121 NE 55th St, Miami, FL 33137, this two-story building offers significant cash flow potential. Currently generating $12,700 in gross monthly income, recent renovations allow for projected gross income increases to $14,000-$15,000 per month. The property is owner-managed, resulting in low operating expenses and maximizing profitability. Located in a rapidly developing area of Miami-Dade County, this property benefits from significant ongoing neighborhood improvements and new multifamily construction, promising substantial future appreciation. The asking price is $1,975,000. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in one of Miami's most dynamic neighborhoods. The property's strong occupancy rate and potential for rent increases make it an attractive investment for both seasoned and new investors seeking stable income and long-term growth. Don't miss this chance to secure a piece of Miami's thriving real estate market.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8264

Longitude

-80.1937

FAQs

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