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7100 NW 1st Ter, Miami, FL, 33126 | $899,999
Duplex being leased as an ALF located near 72nd Avenue and Flagler Street in the heart of Miami. This income-producing property is currently operating as a successful ALF and is leased for the next two years, providing immediate cash flow and excellent long-term investment potential. Situated on a 10, 000+ SF corner lot with canal frontage, the property offers over 3, 500 SF of living space featuring 8 bedrooms and 4 bathrooms. The facility includes a large commercial-style kitchen, spacious living room, and a dedicated recreation area for residents. The property is zoned duplex with a Retirement Home / Health Care land use designation, making it ideal for continued assisted living or healthcare operations. The home is fully equipped with ADA-compliant bathrooms and room layouts, along with fire safety systems and licenses currently up to code. One of the property’s most desirable features is its privacy, with no neighbors on three sides, creating a peaceful setting for residents and operators alike. washer/dryers are leased Property Highlights: • Assisted Living Facility and zoning allows for nursing home use • 8 Bedrooms / 4 Bathrooms • Over 10, 000 SF Lot • Over 3, 500 SF Living Area • Duplex Zoning with Retirement Home / Health Care Land Use • ADA-Compliant Layouts and Bathrooms • Fire Safety Systems and Licenses Up to Code • Large Kitchen, Living & Recreation Areas • Canal Front Corner Lot • Strong Existing Lease Income for 2 Years not disturb residents or staff.
Features
- Construction: Block
- Garage: Common,Free Parking
- Parking: 10-car
- Heating: Central,Electric
- Cooling: Central Air
- Zoning: 5700
- Year Built: 1964
- Est. Taxes: $13,243
- MLS#: A12020618
- Days on Market: 4 days
- Website: https://www.raveis.com
/prop/A12020618/7100nw1stter_miami_fl?source=qrflyer
Listing courtesy of DOUGLAS ELLIMAN Phone: 305-695-6060
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
7100 NW 1st Ter, Miami, FL, 33126
$899,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $719,999 | $719,999 | $719,999 |
| 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% | 6.475% | 6.309% |
| Monthly Tax Payment | $1,104 | $1,104 | $1,104 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,375 | $4,492 | $6,124 |
| Total Monthly Payment | $5,571 | $5,688 | $7,320 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388