600 Old Englewood Rd Englewood, FL 34223

This exceptional 7-unit apartment building presents a compelling investment opportunity in Englewood, Florida. Located at 600 Old Englewood Road, this property boasts 3,440 square feet on a spacious 26,640 square foot lot, zoned RSF-3. Built in 1946 and renovated in 1996, the property offers a strong net operating income (NOI) of $79,915, translating to a 6.66% cap rate at an asking price of $1,200,000 ($348.84 per square foot). Its prime location in Englewood ensures convenient access to amenities and transportation, making it attractive to renters. The well-maintained building features attractive curb appeal and is ideal for garden-style development. This multifamily property offers significant income-producing potential and represents a versatile asset in a thriving rental market. The property's solid financial performance and desirable location make it an attractive investment for discerning buyers seeking strong returns. This is a rare opportunity to acquire a well-established multifamily property in a high-demand area.