$4,900,000 Prime 22,500 SF site in West Little Havana with T5-O zoning, ideal for Live-Local/SB102 development, allowing over 300 units and up to 24 stories (48 with bonuses), no FLR limits. Includes three parcels: one with a 12-unit "Old Spanish" apartment (7,500 SF), and two 1954 5-unit buildings (15,000 SF), all 1 bed/1 bath. Located near Brickell and Downtown, along vibrant Calle Ocho, attracting 3M+ tourists yearly. Close to Ball & Chain, Union Beer Store, and more, with retail rents nearing $60psf. SW 17 AV frontage offers easy access to Coral Gables, airport, and high-frequency transit. Little Havana’s central location and booming development make it a hotspot for high-income residents and businesses.
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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