18100 NW 7th Place, Miami Gardens, FL, 33169 | $650,000

Exceptional investment opportunity offering an incredibly versatile floor plan with strong income potential. Whether you're looking for a multi-generational residence, an assisted living or group home opportunity (subject to buyer verification), or a cash-flowing investment property, this home offers flexibility that's hard to find. The front portion of the home features 4 spacious rooms, 2 full bathrooms, a comfortable living and dining area, and a full kitchen. The rear section offers additional living space with room for a kitchenette or refrigerator setup, along with 4 additional private rooms, including 2 with en-suite bathrooms and one featuring an oversized walk-in closet with beautiful barn doors. Situated on a fully fenced corner lot with no HOA, the property also includes a separate exterior laundry and utility room with a Samsung washer and dryer, a tankless Rheem water heater, central A/C servicing the front section, and energy-efficient mini-split systems throughout the rear living areas. Additional updates include a newer air handler replaced approximately six months ago and a new Samsung washer. The hip roof design slopes on all 4 sides, providing enhanced stability and wind resistance, an important feature in Florida's hurricane prone areas. For investors, this property was leased through Oxford House, generating $6, 175. Contact the listing agent for a complete video walkthrough and additional investment details.

Features

  • Rooms: 1
  • Bedrooms: 8
  • Baths: 4 full
  • Year Built: 1956
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,451
  • Acreage: 0.18
  • Est. Taxes: $11,964
  • Elem. School: Parkway (Miami-Dade)
  • Middle School: Norland
  • High School: Miami Norland
  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • MLS#: A12047294
  • Website: https://www.raveis.com
    /prop/A12047294/18100nw7thplace_miamigardens_fl?source=qrflyer
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Listing courtesy of The Kaplan Group RE LLC

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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
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Our Insurance Division:

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18100 NW 7th Place, Miami Gardens, FL, 33169

$650,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $520,000 $520,000 $520,000
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% 6.640% 5.952%
Monthly Tax Payment $997 $997 $997
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,114 $3,283 $4,318
Total Monthly Payment $4,203 $4,372 $5,407

* 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.