Front unit 2/1 rented at $1,100/month. Middle unit, nonconforming; 1/1, rented at $650/month; buyer to verify zoning, use, and legal status.
Both tenants are month-to-month with no written leases and no security deposits.
Third/back unit is owner-occupied. 2/1. Buyer to verify all permits, use and zoning. Front unit and back unit has separate meters.
Buyer to verify all income, expenses, tenancy, and property details during due diligence.
Property sold AS-IS. Tenants in place; DO NOT DISTURB. DO NOT WALK THE PROPERTY. SHOWINGS BY APPOINTMENT ONLY.
Value-add opportunity with below-market rents. Potential to increase income. All information entered into the MLS is believed to be correct but cannot be guaranteed, Buyers/Buyers Agent must independently verify all information relevant to Buyers.
Miami, FL, 33161
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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