AS-IS sale with exceptional redevelopment potential in a prime location just blocks from Coral Gables. Ideal for a developer or investor looking to build new. Covered Land Deal - the property currently features two income-producing units that can help offset carrying costs while plans and permits are being finalized. The front unit offers 3 bedrooms, 1 bathroom, central A/C, tile floors, high ceilings, and a dedicated laundry room. The rear unit is a 1 bedroom, 1 bathroom apartment. Situated in a highly desirable area near shopping, dining, major roads, and everything Coral Gables has to offer, this property presents a rare opportunity to secure land in a rapidly growing and highly sought-after neighborhood.
4217 SW 2nd Ter, Miami, FL, 33134
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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