Investor dream come true. Amazing home and lot in an opportunity zone area. This home and lot are currently zone as multi-family with 2 up to 9 units that could be built on this lot. The new owner could legally build up to three stories high and could have up to 9 units. You would also be able to add onto the existing property. Roof was completely redone in 2021 with full permits. One Units are currently rented at $1,800. The other units leased just ended and is vacant. This home is just a 6 minute drive to the art district of Wynwood, 12 Minute drive to the beautiful and upscale Brickell City Centre & Bayside Marketplace, only 17 minute drive to Miami's famous South Beach
5450 NW 1st Ave, Miami, FL, 33127
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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