Prime development opportunity in the heart of Little Havana, offering both immediate rental income and long-term growth potential. Zoned T6-8-R on a 5,000 SF lot, this two-story multifamily property provides a strong foundation for future construction in one of Miami’s fastest-evolving neighborhoods. The existing building includes four spacious 2BR/1BA units with terrazzo or tile flooring, separate electric meters, washer/dryer hookups, and dedicated parking. All units are currently occupied, allowing buyers to generate income while preparing for permitting and redevelopment plans. Centrally located with quick access to Brickell, downtown Miami, Coconut Grove, and the Beaches, this property combines present-day stability with outstanding land value.
212 NW 7th Ave, Miami, FL, 33128
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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