600 Old Englewood Rd Englewood, FL 34223
- Multifamily properties
- 2,770 SF
- 0.61 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 600 Old Englewood Rd
- Year built
- 1946
- Lot size
- 0.61 lot acres
- Property size
- 2,770 SF
- Property type
- Multifamily properties
Description
This exceptional seven-unit multifamily property presents a compelling investment opportunity in the flourishing Englewood, Florida market. Located at 600 Old Englewood Road, this well-maintained complex offers 2,770 square feet of living space situated on a sizable 0.61-acre lot. The property's zoning designation, RSF-3, allows for garden-style development, maximizing potential for future expansion or enhancement. Its attractive curb appeal contributes to high occupancy rates and strong rental income. The strategic location ensures easy access to a wide array of amenities and convenient transportation options, making it highly desirable for tenants. This property is priced at $1,100,000 and represents a rare chance to acquire a stable, income-generating asset in a rapidly growing area. The existing structure provides immediate cash flow, while the zoning allows for future development potential, making this an attractive investment for both seasoned and emerging real estate investors seeking a strong return on investment in a desirable Florida location. The property's size and location make it an ideal investment for those seeking a multi-family property with significant upside potential. Serious inquiries are encouraged.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Sarasota
- State
- Florida
- Longitude
- -82.366
- Latitude
- 26.9716
