Englewood 55+ Community
6162 REDWING AVENUE Englewood, FL 34224
6162 REDWING AVENUE, Englewood, FL, 34224
$195,000
For Sale
$195,000
Furnished 2-bedroom home in Lemon Bay Isles, near Englewood Beach.
Property Size1,296 SF
Lot Size0.17 Acres
Price / SF$150.46
Days on Market590
Property Features for 6162 REDWING AVENUE
General Information
- Standard status
- Active
- Size
- 1,296 SF
- Lot size
- 0.17 Acres
- Property subtype
- Mobile Home
Building Details
- Year Built
- 1985
Listing Agency
PREFERRED SHORE LLC
(941) 735-1733
Listed by
Kacey Lynn · License #3069161
(941) 735-1733
Source
Exitrealty
Added: Dec 5, 2024 Checked: Jul 17 at 5:01 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PREFERRED SHORE LLC
Investment Insights
Based on property information with market context.
Located in the 55+ community of Lemon Bay Isles in Englewood, this furnished double-wide manufactured home features 2 bedrooms and 2 bathrooms with an open floor plan. The property includes a new shingle roof installed in 2023 and a new AC unit from 2021. A newly constructed carport and garage, built to hurricane code, were added in 2024. The home is located in a no flood zone. Residents can enjoy a tranquil lake suitable for fishing and boating. The community is pet-friendly, and golf carts are a common mode of transportation. The property is conveniently located near Walmart, pharmacies, and various dining options. The annual HOA fees are $50. Membership to the community clubhouse is optional, offering access to amenities such as a pool, tennis courts, shuffleboard, horseshoes, and a putting green. Englewood Beach is located 4 miles away. The property size is 1296 square feet. This property offers land ownership with no lot rent.
Key Highlights
- New Roof (2023), New AC (2021), and New Carport/Garage (2024 to Hurricane Code)
- Land Ownership with very low HOA fees ($50 annually)
- Located in a No Flood Zone
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.0k | $20.04 |
| − Vacancy | −$5.2k | −$3.99 |
| EGI | $20.8k | $16.05 |
| − OpEx | −$9.4k | −$7.22 |
| NOI | $11.4k | $8.83 |
1,296 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$163.5K
$143.0K – $190.7K
NOI $11,442 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.3K
$371.3K – $495.1K
NOI $29,704 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Furnished 2-bedroom home in Lemon Bay Isles, near Englewood Beach.
Where is this mobile home & rv park located?
The property is located at 6162 REDWING AVENUE Englewood, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: New Roof (2023), New AC (2021), and New Carport/Garage (2024 to Hurricane Code); Land Ownership with very low HOA fees ($50 annually); Located in a No Flood Zone
