A rare investment opportunity in Wynwood, this legal fourplex offers great potential and development options. With the 40-year recertification completed, it’s ready for the next owner. Zoned T4, it allows up to 16 units across three stories with no parking requirements if contributing to the parking fund. The property features ample parking and a common area that could be converted to a coin laundry. Tenants are month-to-month, offering flexibility. Located near Wynwood's shops, restaurants, and art scene, this property promises excellent returns. Being sold or as a portfolio along with 270 NW 34th Ter Miami, FL 33127 and 241 NW 34th Ter Miami, FL 33127.
251 NW 34th Ter, Miami, FL, 33127
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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