Excellent Location, Walking Distance from Ball & Chain and Little Havana's Calle Ocho has to offer. This property is the definition of a Covered Land Play. It is zoned T5-O which allows for countless redevelopment opportunities. Property also sits within a TOD site within a half mile of SW 7th Street. With the added leniency offered by Florida's SB 102 "Live Local Act", a 20-Unit Multi Family can be achieved.
Property is larger than tax roll and currently a Duplex with two long term tenants paying a total of $4050 on a monthly basis with plenty of room to increase to market rents. Please do not bother the tenants.
Buyer responsible to perform his/her due diligence as to what can and will be allowed to be built at this property. Call or Text Agent for further inquiries.
638 SW 15th Ave, Miami, FL, 33135
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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