Development opportunity with T4-R-General urban zoning, this prime real estate gem offers a lucrative opportunity to create a dynamic multi-family development. Property has 110 feet of captivating river frontage with ocean access, and situated alongside a lush park. This is truly a unique property with unlimited potential. The property is in close proximity to major upcoming development sites and is currently generating an impressive rental income of $9950 per month for the next two years. The steady cash flow sets the stage for a profitable investment that yields both immediate returns and long-term prosperity.
For the discerning investor partial owner financing is also available, offering a flexible and attractive arrangement to kickstart your development vision.
435 NE 77th St Rd, Miami, FL, 33138
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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