Exceptional assemblage of 23,850 SF on 3 contiguous properties in West Little Havana w/ T5-O zoning on the SW 7 ST corridor abutting Calle Ocho. The site is best served by being entitled through a Live-Local/SB102 & 136 process. Applied to this lot, SB102 would allow well over 150 buildable units & up to 24 stories of height or 48 w/bonuses, w/no FLR restrictions. On one is a 1940s eight unit apartment bldg consisting of studios, with identical floor plans, on a 7,500 SF lot. Then there is a 5-unit bldg of 1 bed 1 bath on 7,500 SF. The last is a 10 unit bldg from 1965. All of these are rented below market. Within 5 minutes of Brickell & Downtown. Miami’s nationally recognized Little Havana neighborhood is known for its culturally-rich & colorful lifestyle.
1628 SW 7th St, Miami, FL, 33135
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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