This fantastic 2-story corner building, just steps from the 36-acre North Beach Oceanside Park and the beach, presents a prime investment opportunity. The property features eight one-bedroom, one-bathroom apartments, each with a new kitchen equipped with granite countertops and stainless steel appliances, waterproof flooring, and modern fixtures. Residents will enjoy ample living space, including room for dining, a walk-in closet, and a contemporary bathroom. Additional amenities include five parking spaces, on-site laundry, and impact-resistant windows and doors. Conveniently located near Mater Beach Academy, 87 Park, and Surfside, this building offers great potential in a sought-after area.
345 85th St, Miami Beach, FL, 33141
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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