600 Old Englewood RdEnglewood, FL 34223

Property Details for 600 Old Englewood Rd

Year built

1946

Property size (Sq ft)

3,440 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Englewood

County

Sarasota

State

Florida

Latitude

26.9717

Longitude

-82.3657

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