Rare Investment Opportunity – Liberty City, Miami
A unique deal in Miami’s rising market. One of the last neighborhoods where you can still invest below market value with a cap rate over 10 percent proforma.
6930 NW 15th Ave, Miami, FL 33147
Duplex (Office & Residential) | Zoning: T4-O
Mixed-use allowed by right – Office/Retail + Residential
Comps in the area sold for $470K
Property Details:
Three office spaces with two restrooms in the front unit
One-bedroom, one-bath residential unit in the rear
Two separate structures, delivered vacant
Street parking only.
Liberty City is undergoing a $300M transformation with 1,900 new apartments, retail, and community spaces. Property needs A/C, electrical panel, and roof. Open permit violation to be settled by the seller.
6930 NW 15th Ave, Miami, FL, 33147
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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