Multifamily Development Project for Sale – Ready to Build
Exceptional investment opportunity in the Orange Park subdivision, located just minutes from LoanDepot Park and Downtown Miami, two of Miami’s most desirable and growing areas.
This project is currently in the final stage of approval (Process #BD24-026131-001) with final plans approval expected within 30 days or less, making it a near shovel-ready development.
Project Highlights:
12 Residential Units
Each unit: 2 Bedrooms / 2 Bathrooms
Projected Rent: $2,600 per unit
Estimated Gross Monthly Income: $31,200
Estimated Gross Annual Income: $374,400
With strong rental demand in the area and proximity to downtown Miami, this project presents a rare opportunity for developers and investors looking for a high-yield multifamily asset.
Almost ready to break ground. Contact us today for more information.
61 NW 17th Pl, Miami, FL, 33125
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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