680 NW 71st St, Miami, FL, 33150 | $3,050,000

Great development opportunity! 660 NW 71 St, 7040 NW 6 CT, 680 NW 71st Street located just west of Miami's Little River neighborhood. Consisting of three folios 01-3113-024-1270, 01-3113-024-1010, 01-3113-024-1000
660 NW 71st Street sits on a 2, 550 square foot lot. 680 NW 71st Street is a 1, 217 square foot building that features one drive-in door and sits on a 2, 575 square foot lot. 7040 NW 6 ct sits on 4, 120 sq ft lot. The three properties are located adjacent to each other and have a combined lot size of 9, 245 square feet.
The subject property features D1 zoning which accommodates both commercial and industrial uses. The zoning code allows for a maximum height of 8-stories and a maximum density of 36 dwelling units per acre.

Features

  • Property Type: Mixed Use
  • Permitted Use: Automotive
  • Heating: None
  • Cooling: Wall/Window Unit(s)
  • Zoning: 7000
  • Year Built: 1934
  • Est. Taxes: $2,925
  • MLS#: A11648550
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A11648550/680nw71stst_miami_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MIAMI Association of REALTORS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing courtesy of MovinMIA, LLC   Phone: 786-797-7703

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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680 NW 71st St, Miami, FL, 33150

$3,050,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $2,440,000 $2,440,000 $2,440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.750% 7.038%
Monthly Tax Payment $244 $244 $244
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,826 $15,624 $21,592
Total Monthly Payment $16,195 $15,993 $21,961

* 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.