Fantastic opportunity for a turn-key duplex investment property that generates 6-7% cap rate. Property sits on an over-sized 9,464 Sqft CORNER lot with plenty of parking. The south unit is a 3/1, with an additional room that can be used as a 4th bedroom, was recently very tastefully remodeled, and is rented for $2,900/mo. The north unit is a 2/1 rented through Section 8 for $2,307.00/mo. Perfect for an investor or owner that can live in one unit while other unit generates monthly income. Great location close to I-95, Gratigny expressway, Wynwood, Mid-Town, Miami Shores, Miami and Ft. Laud airports. This income producing property is in a high-demand area....don't miss this opportunity.
11275 NW 17th Ave, Miami, FL, 33167
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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