Multifamily property consisting of 8 units, 7 studios and 1 two bedroom one
bathroom. Studios range from $1250-$1400 and two bedroom is $1900. In
2023 the property was gut remodeled with permits to have completely
new electric, A/Cs, parking lot, motorized gate, light fixtures, and recently
about two weeks ago they just changed the entire roof. This property
has a large approximately 11,000 sq ft, which could maybe make it
prime for redevelopment in the future. It is located in the path of
upcoming growth with sistrunk avenue redevelopments getting closer
year after year.
720 Harris terrace, ##1-8, Fort Lauderdale, FL, 33311
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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