161 NW 35th St, Miami, FL, 33127 | $1,800,000

T5-L Investors, Developers, Excellent opportunity to develop an urban project of up to 5 stories. The best zoning of Wynwood Norte T5-L. This land is in the best of the streets in this area and walking distance from Midtown Shops, Design District, Brickell, Wynwood Art Walls, Restaurants, Bars. Also just 15 minutes drive to MIA, Miami Beach and with access to the best transportation routes such as the major Expressways I95, I-395. This is a great opportunity to assemble more lots on this block to take full advantage of the T5 zoning which allows up to 150 units per acre. Meanwhile Buyer can rent the Single Family Home 3/2 on this 5, 000 sq. ft. lot, house in excellent conditions and renovated. Also property has two efficiencies at backside of the house with private entrance (both rented).

Features

  • Zoning: 6107
  • MLS#: A11700585
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /prop/A11700585/161nw35thst_miami_fl?source=qrflyer
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Listing courtesy of FGI Realty   Phone: 954-888-9610

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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161 NW 35th St, Miami, FL, 33127

$1,800,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,440,000 $1,440,000 $1,440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.750% 6.664%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,220 $9,220 $12,544
Total Monthly Payment $9,345 $9,345 $12,669

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.