Buy an opportunity for FUTURE GROWTH! LOOK AT ZONING on Miami-Dade tax records! Primary Zoned 4600 Multi-family 5+stories!!! Current used as four-unit building in desirable Upper East Side neighborhood, just 1 blk east of Bisc Blvd. This building offers flexible floor plan, with ONE 2-bed/1-bath unit and THREE 1-bedroom/1-bathroom units, each with living room/dining room + walk-in closet and two full bedrooms - one with side exit/entrance. Currently two units are vacant, we are giving the opportunity to the new buyer to decide if they would prefer these property as a short time rental or long time rental period. All four units are LEGAL! There is room on south end of property for swimming pool. Property is valued based on current use PLUS building multiple stories. Great because of zone!
800 NE 85 St, 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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