Great opportunity for investors, end users or developers to acquire blank canvas centrally located on NW 27 Avenue next to Miami river. New owners can build up-to 8 stories zoned T6-8-O for mixed used of residential/commercial on 13,960 sq ft with a 5 FAR for estimated 69,000 total square feet of construction or approximately 48 units. For investors simply Landbank the property, HAVE A SHORT-TERM LEASE IN PLACE AT $9000 FOR UNTIL FEB 25, CAN BE TERMINATED WITH A 60 DAY NOTICE. Pays for itself while it appreciates in value. Centrally located with easy access to 836, only 10 minutes to the new soccer stadium, Magic City casino, Coral Gables, Brickell, Wynwood. BOTH LOTS MUST BE SOLD TOGETHER.
1649 NW 27th Ave, Miami, FL, 33125
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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