Mixed-use investment opportunity with strong in-place income and three established tenants generating a total of $6,200/month ($74,400 annually). The property includes a fully remodeled 3-bedroom / 2-bath residential unit currently leased for $2,700/month, an industrial warehouse space leased to a scooter sales business for $2,000/month, and a separate storage/efficiency unit producing $1,500/month. Both the residential unit and warehouse have been fully renovated, including replacement of the plywood subflooring on the residential side and extensive upgrades throughout the warehouse. Centrally located with strong rental demand and multiple income streams, making it an attractive stabilized investment. Showings by appointment only. Please contact the listing agent for additional information.
3705 NW 35th Avenue, Miami, FL, 33142
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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