Prime development site in Miami’s emerging Magic City corridor. This property offers approved architectural plans for a five-unit multifamily building (two 2BD/1BA and three 2BD/2BA) and has already completed the City of Miami plan review process, allowing the new owner to proceed directly toward permit issuance. The neighborhood continues to transform with a steady influx of new housing and short-term rental projects, driving both demand and property values. Conveniently located minutes from the Design District, Midtown, and Wynwood, this site provides an excellent opportunity for an investor or builder seeking a ready-to-go infill project in a proven growth area.
125 NE 55th St, Miami, FL, 33137
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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