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Excellent opportunity for investors, renovators, or buyers seeking a property with significant upside potential. This 2-bedroom, 1-bath single-family home offers approximately 994 square feet of living area on a 5, 300 square foot lot in the heart of Miami. The property features a functional floor plan, spacious yard, mature landscaping, and a location that provides convenient access to major roadways, employment centers, schools, shopping, dining, and public transportation. Impact windows and a newer roof provide a strong starting point for future improvements. The property requires repairs and updating and has been priced accordingly, presenting an attractive opportunity for those looking to add value through renovation. Whether you are seeking your next fix-and-flip project, long-term rental investment, or a primary residence that can be customized to your preferences, this property offers excellent potential. The fenced lot provides privacy and outdoor space for entertaining, gardening, or future enhancements. With renovation and modernization, this home has the potential to become a highly desirable residence in a growing area. Sold in its present condition. Buyers are encouraged to conduct their own inspections and due diligence. Cash buyers, investors, and renovation financing purchasers are welcome. Don't miss this opportunity to acquire a property with substantial potential at a price that reflects its current condition and future possibilities.
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Our Executive Mortgage Banker:
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$320,000
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 | $256,000 | $256,000 | $256,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | $742 | $742 | $742 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,533 | $1,597 | $2,109 |
| Total Monthly Payment | $2,350 | $2,414 | $2,926 |
* 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.