Invest in a Triplex for the Price of a Duplex! This property is actually a triplex, consisting of 3 units, all currently rented with separate entrances, maximizing rental income. 2 electrical meters.
The front 2/1 unit generates an estimated $3,000 in short-term income. The lateral unit offers 4 bunk beds, with each bed renting for $600. Additionally, there is an efficiency (studio) renting for $1,000 per month, totaling an estimated $6,000 in monthly income.
The property has been recently renovated, including a new roof, kitchen cabinets, fence, security cameras, interior and exterior doors and frames, fresh paint, hardwood floors, updated bathrooms, and some new appliances and decor. This information may be subject to errors or omissions and should be verified by the buyer.
1421 NW 58th St, Miami, FL, 33142
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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