Investment Opportunity in Wynwood Norte! This updated 5 bedroom, 2 bath Single Family home, currently configured as a duplex generating $5200 monthly income, presents the buyer with an opportunty to collect cashflow while awaiting plans and further appreciation of the area. Situated on a generous 7,200 SF lot, the residence offers significant development possibilities under the T5-O - NRD-2 zoning, permitting 150 units per acre. The neighboring property, 599 NW 33rd St is available for sale and offers the potential expand to 13,740 SF, enabling the construction of up to 47 units by right.
575 NW 33rd St, Miami, FL, 33127
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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