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Income producing 5-plex (one single family home 3B/2. 5B rented @ $3, 000/M) plus a rear building of 4 apartments 2/1 each (rented @ $1, 700 each). Rent roll, NOI, inventory, are available upon request. This property is zone T3 Miami 21, all 5 units are legal, land use is multi family 2-9 units under use. The upsides of this unique property are many 10, 800 sf of land, and almost half of the land is being use for parking, 16 private parking spaces, 3 are rented. Most tenants use public transportation. Best location for tenants. Easy access to all main highways, MIA, Jackson Memorial Hospital, just west of Wynwood, close to downtown Miami and Brickell. lots of employment opportunity in the area. A versatile property in a convenient location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,600,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,280,000 | $1,280,000 | $1,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.014% | 6.956% |
Monthly Tax Payment | $846 | $846 | $846 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,624 | $8,409 | $11,327 |
Total Monthly Payment | $9,595 | $9,380 | $12,298 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.