Meticulously maintained 6-unit building. This investment property offers 4 spacious 2-bed/2-bath units and 2 charming 1-bed/1-bath units. Recent upgrades, including a complete overhaul of the electrical system and city-standard plumbing connections. Pool area features new marcite, pipes, pump, vacuum, alert system, drain, and ladder. Each unit has large eat-in kitchens and exterior concrete storage. Ten off-street parking spaces. Currently leased month-to-month, this property offers immediate rental income potential. Set on an 11,250 SF lot,a luxury developer's dream. Zoning permits 15 residential units or 66 lodging units over 39,000 SF. 9-Transferable Development Rights (TDRs) are included, Bay Harbor Islands’ zoning allows short-term leasing, boosting income potential.
1130 102nd St, Bay Harbor Islands, FL, 33154
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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