An exceptional opportunity for development or subdivision in the esteemed Ponce Davis neighborhood! Presently, the site is comprised of two structures set on the 1+ acre corner lot. Based on the Miami-Dade County Code, Section 33-193.8, the large lot should be dividable into two parcels with a monetary contribution to the County’s Workforce Housing Fund of $32,500. This listing is for “Proposed Lot 1,” which would be the corner of SW 54th Ave and SW 80th St consisting of +/- 20,313 sqft. While marketed separately, Lots 1 and 2 must be purchased together. Prospective buyers must independently verify subdivision eligibility and cost with Miami-Dade County. For further information, including survey and subdivision opinion letter, please do not hesitate to inquire.
5396 SW 80th St, Miami, FL, 33143
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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