HOT DEAL!INVESTOR/DEVELOPMENT OPPORTUNITY. Located in Miami this property features a spacious single-family home on a 10,800 SqFt lot in an Opportunity Zone.The property consists of 2 lots (5,400 SqFt each Lot 20 & 21, BLK 12) zoned T3-O (Duplex/Multifamily) offering excellent development potential.Completely renovated and turnkey property. You can either rent the existing single-family home while you develop the vacant lot or explore the option of building two-story duplexes (approx. 2,000 Sq.Ft) on each lot.No flood insurance required. Is located just minutes from Wynwood, I-95, downtown Miami, beaches, and the airport.Price listed is for 1 lot, but seller is offering both lots together for a total of $678k. Don’t miss out on this rare opportunity to invest in Miami’s growing urban core!
6734 NW 5th Ave, Miami, FL, 33150
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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