Owner financing available. This offering is an office condo investment portfolio of 18 fully leased units at Tamiami Commerce Center (34 total units in complex) in the rapidly growing West Kendall neighborhood of Miami Dade county. The building is newly painted and the parking lot has just been resealed. Roof was replaced in 2021. The office units are modern and newly renovated. The range in size from 619 sq ft to 1,510 sq ft. The total square footage of the office units is 24,600 sq ft. The owner controls the association which is well managed and has substantial reserves. All units are up to date on their rent. $468,272 +/- NOI. 6% Cap +/-
13501 SW 128th St, Miami, FL, 33186
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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