NO SELLER FINANCING. The property consists of 4 units of two bedrooms and one bathroom each. All of them rented at $2,300. There is a garage on the side being used as a storage that could be rented in the future if desire for $1,500 on top of the $110,400 annual income. This property already passed the 40 year in 2019. Elastomeric roof redone in 2025. Biscayne Point fourplex corner lot of 6,215 SQFT. One unit has central A/C, the other three wall units. The buyer could install impact windows update bathrooms and kitchen to increase the rents to $2,600 each. If you decide to developed the city of Miami Beach allows you to go up 5 stories in this island
8031 Hawthorne 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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