Brand New on Market / Sought after Development Area / These properties are considered landmarks in Old Miami / Properties are located at the intersection between Midtown, The Design District, and the Upper East Side all very explosive areas for real estate sales & rentals / With the site having a strategic location at Edgewater & Midtown, both neighborhoods that have seen a massive influx of residential and mixed-use development becoming one of the most sought-after development markets in Miami / Property is Zoned T5-R with possibility of zoning change to T8-O / Also possible to use Workforce Affordable which include a lot of Developer Perks / Site may also qualify under Florida's Live Local Act which can unlock significant additional Density & Height with reduced parking requirements and expedited approvals / Both of these options would increase Density & Height / The site is comprised of 13,112 SF of land with two buildings totaling 9,946 SF producing income. All units are rented with long term tenants / Rents are way under market / Monthly rents are approximately $20,000. Gross Monthly / Owner Financing Available / Brightline Station coming soon to Biscayne & NE 38th St — adding significant transit value to this already prime location.
433 NE 37th St, 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
