Not your typical Duplex! This unique property features 2 large houses situated on a huge 24k sqft development site. One house is a 4 bed/2 bath and the other is a 2 bed/1 bath. Can also be sold with the duplex next door at 701 SW 6th St. Currently both houses are occupied, it generates a gross annual income of just under $50k annually, with upside to increase to $75k annually when rents are raised to market rates. Each house has plenty of parking and a large yard. Beyond being an amazing income-producing asset, this prime lot offers the potential to build brand new townhouses, especially if combined with the duplex available next door. Minutes away from Gulfstream Park, Aventura mall, Shopping Centers, and pristine beaches.
721 SW 6th St, Hallandale Beach, FL, 33009
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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