Rohith Reddy is proud to offer this water front property in North Beach as a future development opportunity project , This property is offered strictly on the basis of future Commercial Land development as a hotel of micro unit building upro 12 stories / 100 units / 25000 sqft development with retail shopping at the bottom , parking requirements are none or minimum please consult with city of Miami Beach for more detail zoning . This area is under Nort Beach Development district and lot of land surrounding this area is being bought / developed by the new developers including condo hotel project almost finished one block away, We have not priced this property as existing Multi Famiily income property.
7110 Bonita Dr, Miami Beach, FL, 33141
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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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