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California Club Apartments is a 64-unit complex located at 750 NE 195th Street in Miami, Florida. The offering consists of a 2-story building constructed in 1978 that has 54, 006 gross and 36, 840 net rentable SF, sitting on a 2. 85-acre parcel. The unit mix is comprised of (40) spacious studios, (16) 1-bed/1-bath lofts, (6) 1-bed/2-bath, (1) 2-bed/2-bath, as well as (1) 2-bed/2-bath loft. The property was built of concrete block with stucco finish and pitched shingle roofs.
California Club residents enjoy well-lit interior corridors, laundry rooms on each floor, 86 on-site parking spaces and expansive, lushly landscaped grounds. Every unit has either a private balcony or a terrace and select units have lake and/or park views and some have vaulted ceilings. While not a part of the subject property, the 4. 3- acre Gordon Park is immediately next door and is open to the public, has a tot-lot and a dog park, providing tenants with a built-in amenity for outdoor enjoyment.
California Club residents enjoy easy access to Ives Dairy Road and I-95. Despite this access to major roadways, residents benefit from the tranquil neighborhood feel. Conveniently, about 1 mile from the property is a shopping center that has Winn-Dixie, Dollar Tree, and others. Just across the lake is Aventura Isles, a gated community built about 10 years ago. Single-family homes in this development have recently sold between $639, 000 - $1, 150, 000 with the townhome sales having gone between $400, 000 - $585, 000.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $8,800,000 | $8,800,000 | $8,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.399% | 6.499% | 6.309% |
| Monthly Tax Payment | $9,268 | $9,268 | $9,268 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $53,470 | $54,901 | $74,855 |
| Total Monthly Payment | $62,863 | $64,294 | $84,248 |
* 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.