1 month on rocket

121 NE 55th St, Miami, FL, 33137

$1,975,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,176 SqFt
$473/SqFt
Multi

Location

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121 NE 55th St, Miami$1,975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1924
HeatingNone
CoolingOther
MLS #A11679941
StatusActive

About 121 NE 55th St

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. Don’t miss out on this fantastic investment in one of Miami’s hottest growing neighborhoods!

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1924
  • Stories: 2
  • Living Area: 4,176 SqFt

Listing Office:

  • Office Name: City Group Consulting, LLC
  • Office Phone: (954) 274-2274
  • Listing Agent: Ouri Kahn

Interior Features

Interior Information:

  • Flooring Type: Other

Virtual/3D Tour

  • Virtual Tour: 121 NE 55th St
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Utilities

Utilities Information:

  • Heating: None
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,975,000
  • Price Per SqFt: $473/SqFt

Tax Information:

  • Annual Amount: $8,647
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

121 NE 55th St vs Miami

31 DAYS ON ROCKET

-29 Days

$1,975,000

+$1.4M More

$473/SqFt

+$83 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $83/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11679941

Listing Office:

  • Office Name: City Group Consulting, LLC
  • Office Phone: (954) 274-2274
  • Listing Agent: Ouri Kahn

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 4:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,647$405,980
2018$7,371$345,053
2017$6,797$335,370

History based on county public records data.

Payment Calculator

$9,925

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,988

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-798919
7
/10

  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.21 miles

  • Public District Grades PK-5

school-card-donut-798920
7
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.48 miles

  • Public District Grades PK-5

school-card-donut-798921
6
/10

  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 0.84 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,485. Most Miami, FL residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33137›121 NE 55th St

This home is located at 121 NE 55th St in Miami, FL and zip code 33137 in the Buena Vista neighborhood. This 4,176 square foot home was built in 1924. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $1,975,000.

In October 2024 more than 62 listings in Miami, FL were sold above the asking price. During the same period more than 129 listings were sold at asking price, while more than 507 were sold below. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 60 days, the median list price was $560,436.

From Rocket Homes Real Estate and based on county public records data.

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