CASH COW in burgeoning NW Central Miami! This 1,799 SF multi-unit home on a well-situated 6,527 SF corner lot is in a fantastic up-and-coming location, north of Allapattah-Brownsville, near the Metro-Rail and west of the new Liberty Square 55-acre master-planned mixed-use neighborhood with residences, arts and culture, health centers, educational facilities and parks galore. The updated building is currently leased as a tri-plex with under market rents, generating a fantastic NOI of $50,000 per year (almost a 9-cap) with more upside! Two units have two bedrooms and one bathroom, and the third unit is an efficiency. The property is gated and fenced, with parking and a great yard. This is a great opportunity if you’re looking to increase cashflow or make this your home with added income.
3102 NW 70th Ter, 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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