Prime Investment Opportunity in the Heart of Miami Beach! Fourplex building, perfectly positioned in a walkable and trendy neighborhood that is highly appealing to both visitors and long-term renters. Just steps away from the stunning Miami Beach Bay, each of the 4 corner units within this property boasts 2 bedrooms and 2 full bathrooms. Recently renovated, this property is zoned RM-2, allowing for versatile apartment/hotel use, offering both short and long-term rental opportunities, ensuring immediate income potential. Key upgrades include new electrical systems, plumbing and impact windows. The prime location of this property allows easy access to a variety of amenities including trendy shops, Trader Joe's, the vibrant Sunset Harbour, and the famous Lincoln Road.
1471 Lincoln Ter, Miami Beach, FL, 33139
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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