8-Unit Multi-Family For Sale at 121 NE 55th St in Miami

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.