Shovel Ready project in a growing Florida city market. With high rental demand this project will be sure to stand out, an 8-unit multifamily development boasting an 8,975 sq. ft. building on this 14,00 s.q ft corner lot. This three-story project offers a modern design featuring a wood-paneled facade and spacious balconies for all units, providing a welcoming and contemporary living space.
The ground floor is thoughtfully designed, with 70% dedicated to covered parking, offering 15 spaces, and the remainder featuring an inviting lobby area. The second and third floors house the residential units:
5 Units - 2 bed / 1 bath (1,000 sq. ft. each)
2 Units - 3 bed / 2 bath (1,500 sq. ft. each)
1 Unit - 2 bed / 1 bath (975 sq. ft.)
Florida City, FL, 33034
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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