Turnkey investment—ideal for hands-off investors or an owner-occupant looking to live in one unit and rent the rest. Newly built and fully occupied 12-unit multifamily in Little Havana, grossing nearly $300K annually. Low insurance premiums due to new construction. Special zoning program to increase densities; 3 units must be rented to Section 8 tenants, with no rent caps. Unit mix: 4 two-bedrooms, 3 one-bedrooms, 5 studios. Prime location near Brickell, Downtown, Coral Gables, and the Civic Center. Rapidly transitioning area with rising rents and strong tenant demand.
1335 SW 4th St, Miami, FL, 33135
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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