Incredible development opportunity located in Silver Palm Miami, Fl with 13 folios for sale, a total of 77,061 SqFt. The development site is just south of Culter Bay, minutes from the expanding Southland Mall/SouthPlace City Center. These (13) folios can be purchased with an assumable debt in the amount of $810,000 at 7.6% interest only payments over a 36-month term. The financing terms being offered on these (13) lots make this an unbelievable rare opportunity. Other lots on the block are also available for purchase directly from the owners. These lots would have to be negotiated separately. In addition, the owners of SW 122nd PL are willing to contribute to the cost of implementing infrastructure on a pro-rata basis, thus lowering the cost of getting these lots site-built ready.
SW 232nd Street & 122nd Ave, Miami, FL, 33170
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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