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Englewood,FL 34224
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $520
Subdivision Beckers
MLS Listing ID D6140662
Bedrooms 9
HOA Y/N No
Originating Board Stellar MLS
Year Built 1972
Annual Tax Amount $8,053
Lot Size 1.900 Acres
Acres 1.9
Lot Dimensions 200 x 240 x 310 x 110
Property Sub-Type Duplex
Property Description
The Perfect Investment Opportunity...Nestled in a prime location, this unique investment opportunity offers you the chance to own an entire
street, spanning 1.52+/- acres, zoned RMF 10. This property is not just a piece of land; it's a gateway to
significant returns and strategic growth, presenting an array of possibilities for the astute investor. The property in question currently features three existing duplexes and one small house. Together, these
structures provide a mix of living spaces that cater to various tenant needs. The setup includes:
·Five units: 1 bedroom, 1 bath
·Two units: 2 bedrooms, 1 bath
Each of these units has been meticulously renovated, ensuring that they are in top-notch condition, ready
to provide a comfortable living experience for tenants. The small house, while currently under renovation,
is in the process of receiving a new roof and repairs post-Hurricane Milton, further enhancing its value
and appeal.
One of the most enticing aspects of this investment is the potential for expansion. The property is zoned
RMF 10, which allows for substantial growth. With the capability to build four additional units, there is a
significant opportunity to maximize the investment. This expansion potential not only increases the
number of income-generating units but also enhances the overall value of the property.
Currently, all units are leased except for the small house, which is undergoing renovations. This high
occupancy rate is a testament to the property's desirability and the demand in the area. The renovations on
the small house are expected to be completed soon, making it ready for leasing and contributing to the
overall rental income.
The rental market in this region has seen a steady demand, especially for well-maintained units close to
essential amenities and recreational sites. The mix of 1-bedroom and 2-bedroom units caters to a broad
spectrum of tenants. This diversity in unit types helps maintain a low vacancy rate and ensures a stable rental income.
This investment opportunity is indeed unique, offering a blend of immediate income and future growth
potential. The strategic location, high-quality renovations, and expansion possibilities make it an
attractive option for investors looking to diversify their portfolio and achieve substantial returns. Whether
you are an experienced investor or new to real estate, this property presents a chance to capitalize on a
prime asset in a thriving market.
Considering the current income, potential income from additional units, and the favorable market
conditions, the return on investment is projected to be substantial. The high occupancy rates and demand
for quality rental units ensure a consistent and lucrative income stream.
In summary, owning this 1.52+/-acre property with existing duplexes and the potential for further
development is a golden opportunity. The combination of current tenant occupancy, renovation efforts,
and prime location near desirable amenities makes it a sound and profitable investment. Explore this
opportunity today and secure your place in a growing and lucrative market.
Location
State FL
County Charlotte
Community Beckers
Zoning RMF10
Interior
Interior Features L Dining,Primary Bedroom Main Floor,PrimaryBedroom Upstairs
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Laundry Outside
Exterior
Exterior Feature Lighting,Storage
Parking Features Boat,Covered,Off Street,On Street,RV Parking
Utilities Available Cable Available,Electricity Connected,Sewer Connected,Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Concrete Perimeter
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/D6140662