You've found it! The perfect redevelopment, or perhaps a purchase for rental or future student housing. This incredible 31-unit townhome villas project of 2 bed /1.5 bath 783 sqft each is approx 1/2 mile walking distance to the prestigious FIU's Main Campus. Situated within the high-traffic University Zone (UC), this C Class building sits within an approximate 1.22 acres ready to revamp or rebuild, up to 210 student housing units per acre. Height build up per city ordinance is approximately 320 feet. Offering Memorandum, zoning plan, survey, and management company financials, 40 year, all available upon request. Per Mayor Jose Pepe Diaz' last State of the City address, Sweetwater is now approx 10% Residential, 90% Commercial - what a coveted chance to OWN!
10902-10904 SW 2nd St, Sweetwater, FL, 33174
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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