1994 Massachusetts Avenue Unit 5, Englewood, FL 34224
- $1,020,000
- 7
- BD
- 8
- BA
- Sold Price
- $1,020,000
- List Price
- $1,150,000
- Status
- CLOSED
- Days on Market
- 104
- Closing Date
- Dec 13, 2024
- MLS#
- 224070916
- Subtype
- Residential Income
- Style
- See Remarks
- Architectural Style
- See Remarks
- Year Built
- 1988
- Bedrooms
- 7
- Bathrooms
- 8
- Full Baths
- 8
- Acres
- 0.55
- Subdivision
- Not Applicable
- Neighborhood
- Not Applicable
- MLS Area Major
- OA01 - Out of Area
Property Description
This income producing property includes 4 structures, 2 duplexes all 1 bed 1 bath, 1 single Family Cottage with 2 Bedrooms 1 Bath and a Triplex with two 1 bedroom 1 bath and an efficiency apt. The two duplexes and the 2-bedroom cottage the tenants pay their water, sewer and Electric. The triplex Owner pays water, sewer and electric. There is shared laundry room, Washer and Dryer for tenants use. Owner has a Storage Shed onsite for tools, lawnmower etc. Property generates $9640 per month in rent. City water, City Sewer all assessments paid. All exteriors of buildings have been painted in the last 12 months; All Apartment Rentals interiors have been painted in the last 12 months. Triplex has Metal Roof and new roll roof on the efficiency, 1 duplex and cottage have 5-year-old roof, the other duplex has 6.5-year-old roof. Cap rate 8.44%. Property is right up the street from the Intercoastal. No flooding!
Additional Information
- Amenities
- None
- Exterior Features
- Storage
- Taxes
- $12,578
- Property Description
- See Remarks
- Zoning
- RMF15
- Flooring
- Tile, Vinyl
- Heating
- None
- Air Conditioning
- Window Unit(s)
- Exterior Construction
- Block, Concrete, Stucco
- Roof
- Metal, Shingle
Courtesy of Starlink Realty, Inc
Selling Office: .