Impeccably renovated fourplex in the Design District's most desirable zip code. Property consists of two 1/1 units, and two 2/1's. Each unit is equipped with top of the line Samsung appliances and its own washer and dryer. Owner completed $250,000 worth of upgrades, including a new roof, solar panels, irrigation sprinkle system, impact glass windows, tiled entry ways and concrete walking paths. Each unit has upgraded flooring and a newly renovated bathroom and kitchen. $40,000 worth of lush landscaping, turf yard, custom built gazebo and wood fence. $30,000 on new metal foundation.
Landlord under charging on rent, property has potential to generate $10,200 / mo. Current income is $6,100, vacant unit can be filled at request of new owner for $2600 monthly bringing the income to $8,700.
19 NE 48th St, Miami, FL, 33137
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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