689 MICHIGAN AVENUE Englewood, FL 34223
Duplex - ENGLEWOOD, FL
- Added:
- May 11, 2026
- Days on Market:
- 62
- Last Refresh:
- Jul 11 at 10:06 am
Property Features for 689 MICHIGAN AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RMF1
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Carport
- Interior features
- Ceiling Fans(s), Open Floorplan
- Exterior features
- Private Entrance, Sliding Doors
- Standard status
- Pending
- APN
- 0854060007
- Size
- 2,188 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5479.83
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1979
- Number of units
- 2
- Building materials
- Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Grier Crosby License #3567243 (757) 714-1577
Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL (877) 366-2213
Listing date May 11, 2026
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Immediate income potential with guaranteed tenant in one unit
- Turnkey furnished left unit (689) ready for immediate use or rental
- Located just 5 minutes from Manasota Key beaches and Historic Dearborn Street
Local Financial Insights For Multifamily LT 5
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 | $37.3k | $17.04 |
| − Vacancy | −$7.0k | −$3.22 |
| EGI | $30.2k | $13.82 |
| − OpEx | −$9.1k | −$4.15 |
| NOI | $21.2k | $9.67 |
