121 NE 55th St

Beds
Baths
4,176 Sq. Ft.
$419 / Sq. Ft.
4,176
Sq. Ft.
$419
per Sq. Ft.

Description

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...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.
  1. Listed by Ouri Kahn • City Group Consulting, LLC

Property Details for 121 Northeast 55th Street

Subdivision
TRANQUILLA
Style
Fourplex
Waterfront
No
Area
31
Auction
No
Num Stories
2
Sq Ft Total
4176
Sq Ft Liv Area
4176.0
LISTING UPDATED: 03/11/2025 10:51 AM

Property Details for 121 Northeast 55th Street

StatusActive
MLS #A11739510
Days on Market355
Taxes$18,688 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1924
Lot Size-
CountyMiami-Dade County

Location

Listing Courtesy of City Group Consulting, LLC
Add your commute

Building Information for 121 Northeast 55th Street

Stories-Residences-Year Built1924Building Size-Lot Size-

Payment Calculator

$10,087 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,529

Property Taxes

$1,557

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 121 Northeast 55th Street

Location Information
Location Information
  • Parcel Number Free Text: 01-31-13-064-0210
  • Parcel Number MLX: 0210
  • MLS Area: 31
  • Municipal Code: 1
  • Township Range: 31
  • Section: 13
  • Subdivision Number: 64
  • Subdivision Complex Bldg: TRANQUILLA
  • Unit Count: 1
  • Zoning Information: 3900
General Information
Parking
  • Num Parking Spaces: 8
General Information
  • Property Type Information: Detached, Substantially Remodeled
  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
Additional Property Information
Utilities
  • Heating Description: No Heat
  • Cooling Description: Other
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Trash Removal, Water
Financial Information
Financial Information
  • Total Mortgage: $1,029,000
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Copy Of Lease(S)

Property History for 121 Northeast 55th Street

DateEvent & SourcePriceAppreciation
Mar 11, 2025

Price Change

MiamiRE #A11739510

$1,750,000
Feb 5, 2025

Listed (Active)

MiamiRE #A11739510

$1,875,000
Jan 28, 2025

Cancelled

MiamiRE #A11679941

Oct 21, 2024

Listed (Active)

MiamiRE #A11679941

$1,975,000
Jun 6, 2022

Sold (Public Record)

Public Record #1493255647

$1,470,000

+17.3% / yr

Jul 1, 2014

Sold (Public Record)

Public Record #420237937

$415,000

+34.6% / yr

Mar 9, 2011

Sold (Public Record)

Public Record #305803276

$155,000
Mar 9, 2011

Sold (Public Record)

Public Record #305803280

$207,500

+8.0% / yr

Mar 9, 2011

Sold

MiamiRE #N269998

$155,000
Feb 24, 2011

Pending

MiamiRE #N269998

Oct 13, 2010

Listed (Active)

MiamiRE #N269998

$249,900
Feb 16, 2010

Sold

MiamiRE #M1359963

$191,000
Feb 10, 2010

Sold (Public Record)

Public Record #283385927

$191,000
Jan 6, 2010

Pending

MiamiRE #M1359963

Dec 18, 2009

Listed (Active)

MiamiRE #M1359963

$189,900
DateEvent & SourcePrice
03/11/2025

Price Change

MiamiRE #A11739510

$1,750,000
02/05/2025

Listed (Active)

MiamiRE #A11739510

$1,875,000
01/28/2025

Cancelled

MiamiRE #A11679941

10/21/2024

Listed (Active)

MiamiRE #A11679941

$1,975,000
06/06/2022

Sold (Public Record)

Public Record #1493255647

$1,470,000

+17.3% / yr

07/01/2014

Sold (Public Record)

Public Record #420237937

$415,000

+34.6% / yr

03/09/2011

Sold (Public Record)

Public Record #305803276

$155,000
03/09/2011

Sold (Public Record)

Public Record #305803280

$207,500

+8.0% / yr

03/09/2011

Sold

MiamiRE #N269998

$155,000
02/24/2011

Pending

MiamiRE #N269998

10/13/2010

Listed (Active)

MiamiRE #N269998

$249,900
02/16/2010

Sold

MiamiRE #M1359963

$191,000
02/10/2010

Sold (Public Record)

Public Record #283385927

$191,000
01/06/2010

Pending

MiamiRE #M1359963

12/18/2009

Listed (Active)

MiamiRE #M1359963

$189,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 121 Northeast 55th Street

Taxable ValueLand$357,500Additions$581,573Total$939,073
Tax Record2024$18,688 ($1,557 / month)
Home Facts
Total Finished SqFt4,176 SqFtAbove Grade Finished SqFt4,176 SqFtStories2Lot Size7,150 SqFtStyleMulti-Family Dwelling (2-4)Year Built1924Year Renovated1975Zoning3900:MULTI-FACountyMIAMI-DADEAPN01-3113-064-0210

Schools near 121 Northeast 55th Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Toussaint L'Ouverture Elementary
PublicPK to 5

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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121 Northeast 55th Street is a multi-family home for sale in Miami, FL 33137. This property was listed for sale on February 5, 2025 by City Group Consulting, LLC, it's currently listed at $1,750,000. It has been on the market for a total of 355 days and was last sold on June 6, 2022. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Toussaint L'Ouverture Elementary, Air Base K-8 Center for International Education and Jose De Diego Middle School. 121 Northeast 55th Street is a 0-bed, 0-bath, 4,176 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of City Group Consulting, LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.