Covered Land Deal available in the up and coming Allapattah neighborhood. 13,000 Sf of T5-0 Urban Center Transect land with 4 1/1s currently on property. Building has passed 40 year recertification and new electrical has been installed throughout as of only a year ago. Roof is only 6 years old. One water meter but separate electrical meters. Terrazzo and tile floors. Can build on the half of the other lot while collecting income from the units, or collect income while you make plans. Up to 20 units by right with bonuses for WFH and/or affordable units.
1550 NW 28th 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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