Be part of the investment surge transforming one of Miami’s most desirable and centrally located neighborhoods — Shenandoah. This triplex offers exceptional potential for both income ($7,000+/mo projected gross income) and long-term appreciation. The property features a main structure with two spacious 2 bed/2 bath units – one beautifully renovated and just rented annually for $2350/mo, and another awaiting a full remodel, plus a detached 1 bed cottage, just rented annually for $1500/mo. Roof less than 5 years old. Buyer will assume responsibility for curing a city violation, but plans for the cure will be provided, making for a smooth transition. Perfectly situated just minutes from Brickell, Coral Gables, Coconut Grove, & Downtown Miami, this property combines prime location, solid rental potential, and value-add upside.
2385 SW 17th St, Miami, FL, 33145
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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