Tremendous income generator in prime Allapattah location. Cash cow for investors. Non-conforming Triplex. Property is completely remodeled. Main house is a very large 2bed 1 bath with a large living and family room. Beautiful new custom kitchen and newer central AC unit. It is rented for $2400 monthly. Side apartment is a remodeled 1 bed and 1 bathroom. It is rented for $1500. Rear apartment is also a 1bed 1 bath remodeled beauty rented for $1600 monthly. Total of $66,000 gross rental income yearly. Property boasts a very large backyard and custom designed solar panels making the FPL bill very low. Plenty of parking in the front.
2420 NW 34th Street, Miami, FL, 33142
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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