Incredible opportunity for investors and developers! This corner lot is situated in Miami’s vibrant Little Havana neighborhood and is zoned T4-L, allowing for the construction of up to 14 affordable housing program. The approved project consists of 9 spacious two-bedroom apartments and 5 one-bedroom apartments, designed with modern living in mind. The development also includes an on-site parking area with capacity for 11 vehicles. With all permits and plans finalized and the impact fees fully paid, this shovel-ready project is perfectly positioned for the Housing Program. Located in one of Miami’s fastest-growing neighborhoods, this is a rare investment opportunity you don’t want to miss!
1601 SW 3rd 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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