2-story income producing property with a 4 bedroom 2 bath main house and 2 separate guest houses comprised of 1 bedroom, 1 bath each. Main house has a new metal roof. The property currently brings in $14,000/ month in rental income. The adjacent lot is also for sale separately. Completely remodel this 1920's gem and enjoy the grandfathered guest houses for additional income/house hacking, or enjoy the cash flow while planning to tear down the property and build new construction on this 6,750 square foot lot that is highly elevated outside of a flood zone in the Roads neighborhood along the historic South Miami Avenue. This highly sought after area is conveniently located only blocks from the 2nd largest financial district in the country, Brickell. Request a video of the property.
Type:
Single-family residential
Subdivision:
HOLLEMAN PARK
Garage:
Driveway, On Street
Heating:
Central, Wall Furnace
Cooling:
Central Air, Wall/Window Unit(s)
Lot Description:
< 1/4 Acre
Appliances:
Dishwasher, Electric Range, Microwave, Refrigerator, Washer
36 SW 20th Rd, Miami, FL, 33129
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
