Fausto Commercial presents this 2023 construction 43 unit apartment building in West Little Havana. Featuring 29 generously sized 2 bedroom units, and 14-one bedroom units, parking on site and supplemented by an adjacent lot being included as well with the sale, washer/dryer units on each floor, and sub-metered individual water meters. The adjacent lot will provide 11 spaces for parking in the future. This is a turn key investment for those who are averse to doing massive capital projects. At $275/SF per the asking price, you can’t rebuild this impeccable building today or in the future. The location is itself an amazing urban amenity being just one block from the Publix supermarket.
2052 SW 1st 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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