Make this newly rennovated, fully furnished 1BR/1BA GEM in the heart South Beach with a parking spot yours! Priced to SELL. This 2nd floor unit in a smaller 12 unit building has fresh paint, floors, kitchen, living room AC unit, and is ready to go. Features: 1 assigned parking spot- King-size bed furniture from El Dorado New stainless steel appliances, including dishwasher, August smart lock, West Elm couch BalconyLocated on Meridian Ave, between 5th and 6th. 1 block from Under the Mango Tree, 4 blocks to the beach. Current tenant pays $2k/month on a month-to-month lease, flexible on leaving/staying.
BONUS: Located in a CPS-2 Zone, which is a rare short-term eligible zone in Miami Beach (you just need FL licensing, registering with the city, and HOA approval)"Owner Financing Available
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,800 | $220,800 | $220,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.125% | 5.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.297% | 5.597% |
Monthly Tax Payment | $435 | $435 | $435 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,396 | $1,342 | $1,790 |
Total Monthly Payment | $1,906 | $1,852 | $2,300 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.