Pleased to offer the opportunity to acquire a free standing retail building located in the Shenandoah neighborhood of Miami. 1806 SW 22 Ave is located a few blocks from Coral Way (22nd Street) and less than a mile from South Dixie Highway. This building contains retail space for up to two tenants, and sits on a 4,750 SF of land and contains 2,587 SF of leasable space.
The property is occupied by two separate tenants which generate a total of $66,059.14 in yearly Net Operating Income. Option period per the leases, will go to fair market value once initial term expires.
1806 SW 22nd Ave, Miami, FL, 33145
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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