Investors opportunity, given a good CAP rate and NOI of approx $23,000.00 per year after all expenses for each unit, there are two units for sale, both rented for $2500 per month. This property is strategically located directly on South State Road 7 / 441. It is near the Florida Turnpike and I-95. These unit spaces, measuring 764 SF, can be combined into 1,478 SF. The condo association fees for each unit are a low $340.00 per month per unit, covering water, garbage, and common areas. The MH-Transit Oriented Corridor zoning allows most commercial uses, such as Churches, Bars and Lodges, Restaurants. Retail Stores, and Medical/Dental. All showings are by appointment only; call or text for additional information
3056 S State Road 7, #1JA, Miramar, FL, 33023
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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