Largest prime 7,200 square ft lot available / T5 Urban Center zoned lot allowing for higher-density residential or mixed-use development under the Miami 21 Code. Zoning permits maximum density, subject to design standards and parking requirements. T5 zoning supports multifamily, townhouse, and mixed-use projects, making this an excellent opportunity for developers seeking urban infill potential in a walkable environment. Strategically located a short distance away from Wynwood, Midtown and the Design District. (Per Neighborhood Revitalization District guidelines; buyer to verify with City of Miami) Any redevelopment, expansion, or change of use is subject to review and approval by the City of Miami. Buyers are advised to independently verify zoning regulations, permitted uses, allowable unit density, and redevelopment potential with the appropriate municipal authorities.
267 NW 31st St, Miami, FL, 33127
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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