7,500 Sq. Ft. Multi-Family land in East Little Havana. There is immense potential, either a market rate project of 6 units at any configuration or City of Miami double density workforce program which allows for development of 12 apartments; 2 units at 30% AMI, 1 unit at 50% AMI, and 9 units at 100% AMI (average median income). The location offers accessibility & connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach & with this comes fine dining, chic shops, sidewalk cafes & picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant local culture. Riverside park is nearby, & one block from the A-rated school Ada Merritt K-8 Center make this idyllic location which will capture the interests of residents for years to come.
850 SW 2, Miami, FL, 33130
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
