We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd.
with T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play.
4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 story) totaling 95
residential units and 1 retail space. Plus 2 vacant lot sites of +/-19,350 SF. Gross building of +/-54,630 SF on +/-
191,539 SF of land. Favorable T6-8-O, T5-R Zoning designation. Rents from $600 to $1,950/mo. and NOI of 700K. 3-minute drive to Miami Shores Country Club, 10-minute drive to Design District, 15-minute drive to Downtown, 16-minute drive to North Beach, 22 minutes to MIA airport (ETA).
8411 Biscayne Blvd PORTFOLIO, Miami, FL, 33138
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
