1543 NW S RIVER DR| 1529 NW S RIVER DR | 1515 NW S RIVER DR | MIAMI, FL 33125. The property consists of three Parcel: ( 01-3135-016-0070, 01-3135-016-0060, 01-3135-016-0040 ) Contiguous lots Approximately 1.77 Acres located directly on the Miami River. Minutes from Bayside and downtown Miami, located in a high-demand area with limited marina inventory. The site is currently "site plan" approved for 40 luxury townhomes with 14 fifty-foot existing boat slips. The investment consists of a redevelopment project for a point of difference in a new modern luxury townhome development with fifty-foot docks on the Miami River. The Miami River is currently booming with mega-developments!!
Miami, FL, 33125
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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