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8440 NE 1st Ave

$1,875,000

8440 NE 1st Ave, Miami, FL 33138

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Last Updated: 05/08/2025
 
 
Highlights:
  • Lot Features: Other Location, Less Than 1 Acre
Description:

INCREDIBLE WATERFRONT OASIS, 5-UNIT Building on MASSIVE 20,662 SF LOT in the Heart of Little River District, Just 1 Block to the Citadel! High Density Mixed-Use "T5-O" Zoning, Incredibly Valuable Land (Abuts T6-8 Neighbor!). STUNNING GROUNDS, Central Banyan Tree, Mature Fruit, Fully Fenced, Waterfront Dock—Fish, Launch a Kayak, Etc! TURNKEY PROPERTY. Updated Plumbing+Electric, ALL IMPACT GLASS, Newer Roof, Freshly Painted, CUSTOM WOODWORK, Beautiful Terrazzo Floors, Countless Lovely Details! Dedicated Laundry at Rear. QUALIFIED OPPORTUNITY ZONE: *Huge Capital Gains Tax Savings. Quiet CUL-DE-SAC w/ TONS OF PARKING. INCREDIBLY WALKABLE LOCATION: Michelin* Dining, Shops, Yoga, Karate, Art, Community Events. 8 Mins to Miami Design, 10 to Wynwood, 10 to MIA, 12 to South Beach.

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Today's Available Mortgage Rates

3495 N Seacrest Blvd, Ocean Ridge, Florida 33435

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Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/20/2025
Agency*Lender #591
5 Year Fixed
30 Year Amortization
Interest rate 5.73% 5 Year Fixed
Mo. Payment$10,802 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 53% LTV $10,000 Lender fees
Loan Amount $1,855,000 Loan Amount
Details
Agency*Lender #592
7 Year Fixed
30 Year Amortization
Interest rate 5.92% 7 Year Fixed
Mo. Payment$9,362 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $10,000 Lender fees
Loan Amount $1,575,000 Loan Amount
Details
Agency*Lender #592
10 Year Fixed
30 Year Amortization
Interest rate 5.98% 10 Year Fixed
Mo. Payment$9,213 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 44% LTV $10,000 Lender fees
Loan Amount $1,540,000 Loan Amount
Details
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CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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