Excellent investment opportunity in centrally located North Miami Beach, just off 163rd St. This four-unit property features long-term, month-to-month tenants in place, providing immediate income with strong upside potential.
The building consists of one 2-bedroom, 1-bath unit and three 1-bedroom, 1-bath units. The property is in great overall condition, with rents currently below market value, offering an opportunity for future increases and improved returns.
Unit highlights include: Unit #1 with granite countertops and central A/C; Units #1–#3 with central A/C; Unit #4 with wall unit A/C. Metal roof installed in 2019.
Ideal for investors seeking cash flow with value-add potential in a high-demand rental area. Conveniently located near major roads, shopping, dining, and schools.
16030 NE 19th Pl, North Miami Beach, FL, 33162
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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