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121 NE 55th St
Miami, FL 33137
Multifamily Property For Sale
·
8 Units
Executive Summary
Fausto Commercial is pleased to present 121 NE 55th
Street, an 8 unit multi-family property located in Miami’s
Design District. The building consists of four 2bed/1bath
and four 1bed/1bath and it is conveniently located in a
central area with close proximity to some of Miami’s
most desirable locations such as the Wynwood art
district, South Beach, Downtown Miami & Little Havana
which are just a few minutes away. This turn key
property was completely renovated in 2022 and
features Central A/C units, impact windows, new
kitchens and bathrooms etc. The property is at a
walking distance of the Magic City Innovation District
located in the MiMo District. The 15 acre development
will attract technology companies and retailers. The $1
billion project will be developed in multiple phases over
several years with the beginning focused on
repurposing existing dilapidated factory space. It will be
170,000 SF of industrial space would be converted to
commercial and retail use, with plans for an office tower,
amphitheater and apartments.
Street, an 8 unit multi-family property located in Miami’s
Design District. The building consists of four 2bed/1bath
and four 1bed/1bath and it is conveniently located in a
central area with close proximity to some of Miami’s
most desirable locations such as the Wynwood art
district, South Beach, Downtown Miami & Little Havana
which are just a few minutes away. This turn key
property was completely renovated in 2022 and
features Central A/C units, impact windows, new
kitchens and bathrooms etc. The property is at a
walking distance of the Magic City Innovation District
located in the MiMo District. The 15 acre development
will attract technology companies and retailers. The $1
billion project will be developed in multiple phases over
several years with the beginning focused on
repurposing existing dilapidated factory space. It will be
170,000 SF of industrial space would be converted to
commercial and retail use, with plans for an office tower,
amphitheater and apartments.
Property Facts
| Price Per Unit | $262,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,710 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1924/2012 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-3 - Multifamily | ||
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,710 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2012 |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 400 |
| 2+1 | 4 | - | 575 |
Property Taxes
| Parcel Number | 01-3113-064-0210 | Improvements Assessment | $545,823 |
| Land Assessment | $393,250 | Total Assessment | $939,073 |
Property Taxes
Parcel Number
01-3113-064-0210
Land Assessment
$393,250
Improvements Assessment
$545,823
Total Assessment
$939,073
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