1640-1664 NE 5th Street

MSP Group is proud to be the exclusive listing agent for two townhomes located at 1640 and 1664 NE 5th Street in Homestead, Florida. The townhomes are part of a community with new homes erected in 2005 built as lot and block which is very helpful for financing. The subject consists of two 3-bedroom/2-bathroom townhomes consisting of 1,385 SF each. The units are currently rented for $2,700 and $2,400, allowing the owner to assume a cash-flowing asset on Day 1. 1664 NE 5th Street was recently renovated with a newer tenant paying $2,700 and is fitted with hurricane shutters throughout for insurance savings. 1640 is rented to a long-term tenant of 10+ years for $2,400 and has been upgraded with impact windows and doors also providing for the insurance savings. The community also has no approval required for buyers and/or renters a with a very low HOA of $35 monthly. The property sits just off Campbell Drive and the Florida Turnpike, Campbell Drive being the main east-west thoroughfare for the Homestead municipality. This high-traffic area is home to countless multinational and local retailers, dining, entertainment, and schooling options including Lowes, Jimmy Johns, Dunkin Donuts and Vitamin Shoppe 1 block away, Homestead Towne Square at just 1 mile from the property to the west and Homestead Pavilion just 1 mile to the east. Homestead Towne Square has numerous stores including a Publix, Marshalls, CVS Pharmacy, Subway, Wells Fargo, Care Max, and Orange Theory. Homestead Pavilion has numerous stores and Dining Options including a Kohls, TJ Maxx, Target, Sprouts, Ross, Bed Bath and Beyond, Petco, Dollar Tree Michaels, Raising Canes, Panera Bread, Sonic, Buffalo Wild Wings and TD Bank to name a few . Just across US-1 is Downtown Homestead, which in addition to being the home of Miami-Dade College Homestead Campus and the new Homestead Station, also contains Homestead City Hall and the City of Homestead Police Department.MSP Group is proud to be the exclusive listing agent for two townhomes located at 1640 and 1664 NE 5th Street in Homestead, Florida. The townhomes are part of a community with new homes erected in 2005 built as lot and block which is very helpful for financing. The subject consists of two 3-bedroom/2-bathroom townhomes consisting of 1,385 SF each. The units are currently rented for $2,700 and $2,400, allowing the owner to assume a cash-flowing asset on Day 1. 1664 NE 5th Street was recently renovated with a newer tenant paying $2,700 and is fitted with hurricane shutters throughout for insurance savings. 1640 is rented to a long-term tenant of 10+ years for $2,400 and has been upgraded with impact windows and doors also providing for the insurance savings. The community also has no approval required for buyers and/or renters a with a very low HOA of $35 monthly. The property sits just off Campbell Drive and the Florida Turnpike, Campbell Drive being the main east-west thoroughfare for the Homestead municipality. This high-traffic area is home to countless multinational and local retailers, dining, entertainment, and schooling options including Lowes, Jimmy Johns, Dunkin Donuts and Vitamin Shoppe 1 block away, Homestead Towne Square at just 1 mile from the property to the west and Homestead Pavilion just 1 mile to the east. Homestead Towne Square has numerous stores including a Publix, Marshalls, CVS Pharmacy, Subway, Wells Fargo, Care Max, and Orange Theory. Homestead Pavilion has numerous stores and Dining Options including a Kohls, TJ Maxx, Target, Sprouts, Ross, Bed Bath and Beyond, Petco, Dollar Tree Michaels, Raising Canes, Panera Bread, Sonic, Buffalo Wild Wings and TD Bank to name a few . Just across US-1 is Downtown Homestead, which in addition to being the home of Miami-Dade College Homestead Campus and the new Homestead Station, also contains Homestead City Hall and the City of Homestead Police Department.