**NEW CONSTRUCTION SITE** Plans approved for brand new modern 10 x 1 bedroom units, off the growing area of Miami. All new restaurants, bars and shops. Developing boulevard, gross ROI 6.8% gross estimated at $240k yearly, $2,000 monthly per unit. Will be built upon sale. Invest in one of the fastest growing and most desirable areas, between Midtown and Miami Shores. Many new businesses opening and happening at the moment. This development is located 2 blocks from Citadel Restaurant. Construction is included in the sale price, will be delivered with CO, hurricane impact windows, stainless steel appliances. Area may also be used as short term, buyer to do own due diligence. Miami is becoming the largest growing city, do not miss out on this new construction.
8052 NE 1st Ave, Miami, FL, 33138
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.
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