Located in the thriving Miami area, this exceptional property offers an unparalleled investment opportunity for a covered land play for Land / Multifamily investors. This commercial building retail listing with frontage on 475 LeJeune Rd. Boasting a prime location, this property provides convenient access to the city's vibrant attractions such as the upcoming Inter Miami Stadium, Miami International Airport, Coral Gables Downtown. With its strategic positioning on a major corridor, this property presents a unique opportunity for investors to capitalize on the high-demand market of the Miami area. Its potential for multifamily development, the property is +/-8,060 SF on +/-18,270 SF lot. Zoned T-6-8
475 NW 42nd St, Miami, FL, 33127
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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