If you are looking for a strong investment opportunity, this property is a must see. Located in Eastern Little Havana, this offering is being sold strictly for land value and is zoned T 4 R, with very limited inventory available in the area.
The existing duplex is a frame structure that will need to be torn down, making this an ideal ground up development opportunity. The site is well suited for a new development in an area experiencing rapid growth and redevelopment.
The property is ideally located near Miami Marlins Stadium, Calle Ocho, Brickell, Downtown Miami, and the Health District. It is currently occupied with month to month tenants, allowing for interim income while permits and plans are underway.
Opportunities like this in Little Havana are rare and demand is strong. It will not last.
114 NW 10th 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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