600 Old Englewood Rd
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600 Old Englewood Rd
7 Unit Apartment Building $1,100,000 ($157,143/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.
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Property Facts
| Price | $1,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $157,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 7.26% | Building Size | 3,440 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | Parking Ratio | 2.03/1,000 SF |
| Price | $1,100,000 |
| Price Per Unit | $157,143 |
| 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 |
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PROPERTY TAXES
| Parcel Number | 0496-12-0016 | Improvements Assessment | $297,600 |
| Land Assessment | $99,900 | Total Assessment | $397,500 |
PROPERTY TAXES
Parcel Number
0496-12-0016
Land Assessment
$99,900
Improvements Assessment
$297,600
Total Assessment
$397,500
zoning
| Zoning Code | RSF3 (Residential Single-Family - Small Lot) |
| RSF3 (Residential Single-Family - Small Lot) |
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600 Old Englewood Rd
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