This parking garage is in the heart of South Beach in Miami Beach along West Avenue. Walking distance to Collins Avenue and the beach, and Lincoln Road and all its shopping. Along the way to either, you have all the other main streets, major restaurants and bars that fill the bustling area. The parking garage is situated on the ground floor of a boutique hotel. The parking received the right become public parking from the City or Miami Beach. With parking in high demand on the beach, this is an opportunity to capture the parking market in South Beach. The sale includes all the lifts already in place on two floors. Being in the heart and along a quite street, this is an opportunity to have a luxury service with a shuttle to and from the area to enhance the parking experience.
1215 W Ave Parking, Miami Beach, FL, 33139
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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