Income-Producing Complex in Prime SOUTH BEACH Location.
Corner Lot advantage, two story building. Currently an income producing property of 4 units (2beds/2baths).
The List Price includes units 2,3 & 4; are rented and are owned by 1 owner. Unit 1 (2/2) is also available, completely remodeled but is not included in the listing price.
Collect rent while you upgrade the units or prepare for tear down for development. Multifamily zoning RM-1 allows new development to build up to 55ft height for up to 4 stories.
Total land 6,720 sqft. ea. unit is 1191 sqft aprox
Walking distance to Lincoln road, shops, beaches, restaurants, major grocery chains, and venetian causeway.
Each unit is very spacious and comes with its own parking spot on premises.
Contact Listing Agent to schedule a showing
1460 West Ave, Miami Beach, FL, 33139
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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