You have found the investment property you were looking for. This property has a total of five (5) units. One 2/1, Three (1/1) and one (1) studio. The front building consists of 4 of the 5 Units and has impact windows. The back building has the 5th Unit. Four parking spaces. The tenants are on a month-to-month tenancy and rental rates are below market. Annual expenses can be found attached. Seller FINANCING available of up to seventy (70%) percent of purchase price and interest rate of five (5%) percent. Please contact me for more seller financing details. This property is exempt from the 40 yr re-certification. Please see letter from the City of Miami in the attachments section. Please do not disturb or communicate directly w/ tenants. Please contact listing agent to coordinate a showing.
621 SW 10th St, Miami, FL, 33130
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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