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**New Price Improvement — Cash Offers Only. ** Excellent value-add opportunity in Miami Gardens for investors seeking income potential, renovation upside, and long-term equity growth. This property is listed as a single-family residence per public records but is currently configured with two separate living areas: a 4-bedroom / 2-bathroom main residence plus a separate 1-bedroom / 1-bathroom living area with its own private entrance. The property is vacant, giving the next owner flexibility to renovate, lease, reposition, or hold as part of a long-term real estate strategy. Each living area offers separate access and parking, creating multiple possibilities for an investor, owner-user, or buyer looking for a value-add opportunity. The seller has adjusted the price to better reflect the property’s AS-IS condition while creating room for the next owner to improve, rent, and build future equity. Seller is realistic and open to a clean, serious cash offer, but the property also remains a strong hold-and-rent option if the right offer is not presented. Well-positioned in Miami Gardens with access to major roads, employment centers, schools, shopping, and rental demand, this property offers both immediate repositioning potential and long-term upside. Cash offers only. Property sold AS-IS. Buyer must verify zoning, permitted use, square footage, rental potential, and all property information with the appropriate city, county, and professional advisors.
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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 | $459,600 | $459,600 | $459,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $341 | $341 | $341 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,753 | $2,902 | $3,817 |
| Total Monthly Payment | $3,186 | $3,335 | $4,250 |
* 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.