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Great South Beach Starter Studio with Attached Garage Parking! This 3rd-floor studio offers a secured, assigned garage parking space and is located just blocks from Ocean Drive and the vibrant South Beach area. Situated in a boutique building with elevator access, the studio has been updated and freshly painted. The kitchen features quartz countertops, a gas range, and access to a balcony overlooking a lush, landscaped area. The unit includes a main living area along with a separate, smaller space outside the kitchen that can be used as an office or dining area. The studio also offers a larger bathroom with a combination tub-shower, two closets (including a walk-in and an additional storage closet for linens and towels), and access to a shared laundry room. The building has passed its milestone inspection and completed all necessary structural integrity reserve studies (SIRS). Low maintenance fees include reserves.
For investors, the property offers the convenience of immediate rental potential. The building features an elevator, a serene courtyard, shared laundry facilities, a storage area, and secure, gated entry with a call box for guests. One covered, assigned parking space is included in the gated parking lot. Located just three blocks from the beach and within walking distance of entertainment, restaurants, bars, and shopping, this studio offers a fantastic opportunity to enjoy the best of South Beach living.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$185,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $148,000 | $148,000 | $148,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.533% | 5.794% |
| Monthly Tax Payment | $38 | $38 | $38 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $887 | $923 | $1,209 |
| Total Monthly Payment | $1,000 | $1,036 | $1,322 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.