514 NW 7th Avenue is a duplex made up of expansive 3 bedroom, 2 bathroom units with central air conditioning, spacious kitchens, large living rooms and laundry hook-ups inside of each unit. Each units is individually metered for water and electricity. On the tenants water bill they pay for the trash directly to Florida City. This leaves the landlord with no utility expenses. Coupled with the low expenses the units are currently 100% occupied with all rents at $2,350 which will provide the new owner with excellent cashflow day one. This is a part of a 3 property portfolio of adjacent duplexes that can purchased together or separately. 506, 514 and 520 NW 7th Avenue Florida City, FL 33034.
514 NW 7th Ave, Florida City, FL, 33034
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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