Fantastic Opportunity to Buy 4 Apartments in a Building that consisted of 12 Apartments.
All Apartments are rented:
Apartment #5 (750 SF) Lease for $1,800. ****
Apartment #9 (1,025 SF) Lease for $1,450. ****
Apartment #11 (750 SF) Lease for $1,550. ****
Apartment #12 (785 SF) Lease for $1,350. ****
Most of the Apartments are month to month and are below Market Rent, All Apartments should be
Lease for $2,000 month.
Association Fee per month is $400 per Apartment.
The Association Fees includes Water and Garbage.
All tenants paid their own Electrical and each Apartment have a separate electrical meter.
We are selling all Four Apartments as a Package Deal for $275,000 each ******
Total Investment $1,100,000
2072 NE 169th St, #Apartments # 5, 9, 11, 12, North Miami Beach, FL, 33162
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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