Incredible Opportunity Between Coral Gables and Little Havana!
This property offers significant income potential and the possibility for high-density mixed-use development. Currently, it generates income from a month-to-month tenant (a tire shop) and revenue from a ClearChannel billboard.The site boasts excellent accessibility to the 836 and Calle Ocho, and is just 15 minutes from Miami International Airport, Coral Gables, the Jackson Multispecialty Health District, and Brickell—key employment hubs in Miami.With current zoning allowing for an eight-story building and a density of 150 units per acre, this property is an excellent candidate for repurposing into a multi-use commercial venture. A variety of retail options are available.
3223 SW 8th St, Miami, FL, 33135
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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