Seize this incredible opportunity to own a versatile multi-family property in the heart of Miami! Situated on an expansive 7,145 square foot lot, this property is perfect for both investors and owner-occupants. The front house features 2 bedrooms, 2 bathrooms, plus a den, providing a comfortable living space. The back house offers an additional 2 bedrooms and 1 bathroom. Additionally, there are three separate 1-bed, 1-bath efficiency units on the premises, presenting a goldmine of income potential. This property is an excellent choice for those looking to tap into the lucrative Airbnb or traditional rental markets. With its prime location just blocks from the Miami River and River Landing Shops, and minutes away from Wynwood, Brickell, Coconut Grove, Coral Gables, Miami Beach.
1739 NW 16th St, 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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