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Presented by
Kim Knox |
721 NW 3rd Ave, Fort Lauderdale, FL, 33311 | $2,300,000
Phenomenal Opportunity to own a 10 unit apartment building in the best location in Fort Lauderdale! The property includes 10 Two Bedroom/1 Bath apts, 13, 500 square foot lot, plenty of parking, all units have ceramic tile floors, A/C units, shared laundry, Roof is 2024 and zoned RMM-25. This property is located in the heart of Progresso Village, adjacent to Flagler Village, and on the East Side of Sistrunk Blvd Redevelopment Opportunity Zone!! Located in the Center of Redevelopment, Brand New Luxury High Rise properties are approved for construction within 1 block. This amazing property can easily generate $240, 000 in annual revenue. Most of the units are month to month. This is an exciting opportunity for any savvy investor interested in South Florida's booming real estate market!!
Features
- Property Type: Multi Family
- Zoning: RMM-25
- Year Built: 1973
- Est. Taxes: $33,356
- MLS#: A11776976
- Days on Market: 4 days
- Website: https://www.raveis.com
/prop/A11776976/721nw3rdave_fortlauderdale_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Kim KnoxLuxury Properties Specialist
978.771.4579
Kim.Knox@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 38342
978.314.1072
Joanne.OKeefe@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Jennifer HartInsurance Sales Director, William Raveis Insurance
978.457.6220
Jennifer.Hart@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
721 NW 3rd Ave, Fort Lauderdale, FL, 33311
$2,300,000
Kim Knox
Luxury Properties Specialist
William Raveis Real Estate
Phone: 978.771.4579
Kim.Knox@raveis.com
Joanne O'Keefe
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,840,000 | $1,840,000 | $1,840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
| Monthly Tax Payment | $2,780 | $2,780 | $2,780 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,180 | $11,630 | $15,902 |
| Total Monthly Payment | $14,085 | $14,535 | $18,807 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388