Rare income-producing duplex in the heart of Miami’s desirable Shenandoah neighborhood! This charming 1925-built property sits on a generous 7,000 sq ft lot and offers two separate units totaling 1,563 sq ft. The front unit is rented rear unit occupied, providing immediate cash flow from day one. Wood floors, central air, and 2 parking spaces. Just minutes from Downtown Miami, Brickell, and Coral Gables. Zoned T3O zoning permits modern multi-unit or townhome construction with strong upside potential — live in one unit and rent the other or hold as a pure investment. Cash and conventional financing welcome. Don’t miss this opportunity in one of Miami’s most sought-after corridors!
2744 SW 16th Ter, Miami, FL, 33145
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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