For Sale
$1,200,000

600 Old Englewood RdEnglewood, FL 34223

7-Unit Apartment Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Seven-unit multifamily building.
  • RSF-3 zoning.
  • Excellent Englewood location.
  • Suitable for garden-style redevelopment.
  • Property in excellent condition.
  • Convenient to amenities and public transit.

Property Details for 600 Old Englewood Rd

Property type
Apartment buildings
Square Feet
3,440 SF
Year Built/Renovated
1946/1996
Units
7

Location Insight

City
Englewood
County
Sarasota
State
Florida
Latitude
26.971732889279
Longitude
-82.365700799263
600 Old Englewood Rd, Englewood, Florida

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600 Old Englewood Rd
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