720 SW 6th St, Homestead, FL, 33030 | $450,000

The property is made up of two 2-bedroom/1-bathroom units with approximately 713 SF each, encompassing a formal living area and a kitchen with refrigerator, stovetop, oven, and an over-the-range microwave. The units feature wall A/C units and shuttered windows, which in addition to the concrete roofs, lower the insurance premium to just above $1, 000 per unit. The property has individual meters for water and electricity, lowering the operating cost for the owner.

The property is conveniently located near US1 and the Florida Turnpike, two of Miami-Dade County’s main north/south arteries. It is also located minutes away from Downtown Homestead which is enjoying large amounts of investments that include a new Police Station, City Hall, the reopening of the historic Seminole Theatre and the 65, 000 SF Homestead Station that includes a movie theatre, bowling alley, large arcade, multiple dinning and retail options. The immediate area surrounding the property is also seeing a slew of development including single family homes, duplexes and large multifamily properties. 720 SW 6th Street is located steps away from the Miami-Dade County Busway that has been implementing the Bus Rapid Transit System connecting South Dade to the Metro Rail and beyond.

Features

  • Year Built: 1966
  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 1,346
  • Est. Taxes: $6,863
  • Lot Desc: < 1/4 Acre
  • MLS#: A12000194
  • Days on Market: 20 days
  • Website: https://www.raveis.com
    /prop/A12000194/720sw6thst_homestead_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MIAMI Association of REALTORS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing courtesy of MSP Group, LLC   Phone: 786-671-0154

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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720 SW 6th St, Homestead, FL, 33030

$450,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $360,000 $360,000 $360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.133% 6.739% 5.952%
Monthly Tax Payment $572 $572 $572
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,072 $2,305 $2,989
Total Monthly Payment $2,719 $2,952 $3,636

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.