West Little River 5235 nw 7 ave, 690 nw 52 st / end- user/ redevelopment play/ T5O zoning.
1. Corner /Retail 2000SF Building on a nearly 13, 000sf lot. Unique opportunity to acquire an existing funeral home, well established over 30 years, with all existing licenses, generating income $3, 500k/month gross. Lease is M2M.
2. Corner Vacant parcel with mixed use zoning ideal multifamily development with retail component.
With a daily vehicle count of 24000, NW 7th ave is an important high traffic north-west corridor, connecting several critical neighborhoods of Miami and running parallel to I-95. The corridor is growing quickly in importance and is directly in the path of redevelopment, Property is located near the Liberty Square.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,199,000
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 |
|
---|---|---|---|
Loan Amount | $959,200 | $959,200 | $959,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $1,327 | $1,327 | $1,327 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,142 | $6,221 | $8,422 |
Total Monthly Payment | $7,594 | $7,673 | $9,874 |
* 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.