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600 Old Englewood Rd

7 Unit Apartment Building $1,559,217 CAD ($222,745 CAD/Unit) 7.26% Cap Rate Englewood, FL 34223

Investment Highlights

  • Prime location in Englewood.
  • Well-maintained property.
  • Attractive curb appeal.
  • Ideal for garden-style development.
  • Close to amenities and transportation.
  • Excellent income-producing potential.

Executive Summary

Introducing an exceptional opportunity for investors in the thriving Englewood area. This well-maintained 7-unit multifamily property is ideally situated in a prime location zoned for RSF-3. Designed for garden-style development, the property boasts attractive curb appeal and is in close proximity to amenities and transportation, ensuring convenience for residents. With excellent income-producing potential, this property offers a lucrative investment opportunity. Don't miss the chance to acquire this versatile asset with spacious units and a strong rental market. NOI of property is $79,915.

Data Room Click Here to Access

Property Facts

Price $1,559,217 CAD
Price Per Unit $222,745 CAD
Sale Type Investment
Cap Rate 7.26%
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.61 AC
Building Size 3,440 SF
No. Stories 1
Year Built 1946
Parking Ratio 2.03/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 3 - 200
1+1 3 - 340
2+1 1 - 342

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0496-12-0016
Land Assessment
$140,328 CAD
Improvements Assessment
$418,033 CAD
Total Assessment
$558,360 CAD

zoning

Zoning Code RSF3 (Residential Single-Family - Small Lot)
RSF3 (Residential Single-Family - Small Lot)
  • Listing ID: 32194717

  • Date on Market: 2024-06-20

  • Last Updated:

  • Address: 600 Old Englewood Rd, Englewood, FL 34223

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