Fausto Commercial presents 8295 NE Miami Ct, a strong multifamily investment in an Opportunity Zone with tax incentives. Built in 1972, the 4,540 SF property on an 8,000 SF lot offers T5-O zoning and a mix of one 2-bed/1-bath and five 1-bed/1-bath units. Features include new AC units, glass sliding doors, four balconies, and nine parking spaces. Strong rents, high Section 8 income, and very low expenses—thanks to a concrete roof that keeps wind insurance costs minimal—deliver exceptional performance even in today’s interest rate environment. 40 year recertification done in 2023. With upside in market rents and redevelopment potential, this asset offers cash flow and long-term growth in one of Miami’s fastest-rising corridors.
8295 NE Miami Ct, Miami, FL, 33138
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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