Highly desirable Miami fourplex located a few blocks from Coral Gables. Has 8 parking spots. Surrounded by Single Family Homes. Great investment opportunity with an average tenant tenure of 13 years.
3 Units are 1/1 and 1 Unit is 2/1. Washers / Dryers are outside the units.
2 exterior storage areas with doors that can be rented out.
Current rents are low, Rentometer says total rents should be at $8,800 per month.
The building's exterior walls are concrete.
Updates - 2019 Roof, and 2022 HVACs (2).
Remodeled in 1986 and some updates in 2022.
Items to consider:
* 1 Water Meter & 2 Electric Meters - Done some work to Split to 4.
* Need to submit 40yr Recertification.
312 SW 32nd Ave, Miami, FL, 33135
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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