Located in the thriving Miami area, this exceptional property offers an unparalleled investment opportunity for a covered land play for Land / Multifamily investors or NNN Lease Investment. This commercial building office/ retail/ shopping center listing with frontage on 475 Le Jeune Road aka NW 42 Avenue. Boasting a prime location, this property provides convenient access to the city's vibrant attractions such as the upcoming Inter Miami Stadium, Miami International Airport, Coral Gables Downtown. With its strategic positioning on a major corridor, this property presents a unique opportunity for investors to capitalize on the high-demand market of the Miami area. The property is +/-6, 006 SF on +/-18, 270 SF lot. The property is divisible in 3-4 units from 1, 169 SF. Zoned T-6-8
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$4,700,000
William Raveis Real Estate
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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 | $3,760,000 | $3,760,000 | $3,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | $3,411 | $3,411 | $3,411 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $24,387 | $24,387 | $33,273 |
Total Monthly Payment | $27,923 | $27,923 | $36,809 |
* 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.