An exceptional investment opportunity located at 2126 NW Flagler Ter, Miami, FL 33125, nestled in the vibrant heart of Little Havana. This property is a true cash cow, boasting an impressive annual income of $120,000 with all units currently rented and a 40-year certification obtained in 2018. Thanks to its 8900 sqft of land with access to two streets this property offers incredible development potential; it has been authorized by the city to construct up to 7 units. Moreover, this property is situated in an Affordable Housing Area, it qualifies for the development of 14 affordable units upon securing the Affordable Housing Certification (AHC). Easy access to Downtown Miami, Brickell, and Miami International Airport. Plus, excellent public transportation options.
2126 NW Flagler Ter, Miami, FL, 33125
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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