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Rare Income producing Triplex in the heart of Miami.
LOCATED 10 minutes drive from BRICKELL, 10 minutes from CORAL GABLES, and 10 minutes from COCONUT GROVE. This is one of the most competitive and sought after rental zip codes in all of Miami.
5 Bedroom, 4 full bathrooms across three fully independent units (2/2 + 2/1 + 1/1), each with private entrances, full kitchens, and separate living spaces. 6 Parking Spots (2 Each Unit).
Two units are currently tenant occupied with leases in place, the third is available for immediate lease up or owner occupancy.
Recent capital improvements include HVAC ductwork, fresh exterior paint, updated appliances, and modern finishes throughout. A true turnkey asset with no deferred maintenance.
Immediate Cash Flow with significant upside at full occupancy.
Rent roll, and full financial package available upon request.
Property offers strong rental potential and flexible investment opportunity. Current zoning is T3-O. Buyer to independently verify zoning, permits, legal use, occupancy, and future intended use.
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:
$1,100,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $880,000 | $880,000 | $880,000 |
| 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 | 6.411% | 6.487% | 6.309% |
| Monthly Tax Payment | $1,291 | $1,291 | $1,291 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,347 | $5,490 | $7,486 |
| Total Monthly Payment | $6,763 | $6,906 | $8,902 |
* 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.