DEVELOPMENT OPPORTUNITY - Prime BISCAYNE BLVD location. 14,000 sq ft LAND with PLANS to Build 10 luxury townhomes. This is a nearly turnkey development opportunity. Visibility for your once finished property is second to none. You will sell the townhomes with exceptional speed. The average townhome is 3,000 sq ft. That is 10 units with rooftop terrace and elevators giving this property and edge above all the rest. The plans are pending approvals by zoning and making its way to final city approvals. However, once approved by the city the seller will add a premium, so act fast. Offers are coming in !!!
5215 Biscayne Boulevard, 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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