UpTown/Little River 11,000sf Retail and Office Building on 20,000sf Lot. Property has approx 7,700sf of ground floor retail, and 3,300sf of office. Site is in need of renovation and overhaul, but spaces are all usable. Pro-forma rents for retail topping $45psf. Uptown/Little River is the northern edge of urban core City of Miami, and the next epicenter for massive re-development. The area is already quickly gentrifying and hip-ifying with several new high-end retailers, eateries, co-working spaces, and Miami’s premier foodhall and Citadel. A wave of new developments are being proposed, by some of Miami’s best developers. The area is also surrounded by some of Miami’s most affluent single family home neighborhood such as Miami Shores.
8241 NE 2nd Ave, Miami, FL, 33138
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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