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One story office/retail building. 501-505-507-509 and 525 E 9 Street. Subject building has 2 folio numbers, 04-3117-011-2040 and 04-3117-011-2030. Current zoning is C-2, Liberal Commercial District, City of Hialeah. Excellent opportunity for owner/user and lease out the remaining area. 5 units could be leased. Currently 501 leased, 505-507 used as Real Estate and Tax office, 509 and 525 currently vacant. Subject is located in the central section of Miami-Dade County within the City of Hialeah, the 6th largest city in Florida and the2nd largest in the County It is 5 miles +/- North of the Miami Intl Airport, east of Okeechobee Rd (27), south of Gratigny Expresway Close the Hialeah Race Track, Hialeah Park Casino and Amelia Earhart Park with petting zoo.
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William Raveis Real Estate
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Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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---|---|---|---|
Loan Amount | $2,120,000 | $2,120,000 | $2,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.764% | 6.726% |
Monthly Tax Payment | $1,389 | $1,389 | $1,389 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,053 | $13,575 | $18,467 |
Total Monthly Payment | $14,567 | $15,089 | $19,981 |
* 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.