House is currently rented generating a gross income of $3,800 per month
6,900 SF lot that allows up to 5 market units by right or up to 10 units under the City of Miami's attainable mixed-income housing program
Zoned T-4R and eligible for parking reductions given the property is located in a transit corridor (Quarter-Mile Radius) Plans included in the sale for 5 townhouses of 3 bedroom / 2.5 bath (available upon request and plans are ready to submit)
Compelling investment opportunity, with a centric location that is within walking distance to Calle Ocho, Publix, and nearby Brickell
Please do not disturb tenants
2042 SW 4th St, Miami, FL, 33135
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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