Unique opportunity to acquire prime real estate in one of Miami's fastest-growing areas. The property offers exceptional potential for developers looking to capitalize on the growing demand for luxury housing in Miami Beach. Currently, it features a two-story multifamily building with four rentable units, providing a stable income stream.
The true value lies in the approved project: a five-story building with 14 luxury units, ideal for high-end buyers or tenants seeking proximity to Miami Beach's renowned restaurants, shopping centers, and beaches. Take advantage of this unique opportunity to build a landmark development in one of South Florida's most desirable locations, combining long-term income stability with high growth potential.
7821 Byron Ave, Miami Beach, FL, 33141
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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