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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 generated $9640 a 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!
| DAYS ON MARKET | 88 | LAST UPDATED | 10/25/2024 |
|---|---|---|---|
| TRACT | GROVE CITY COVE | YEAR BUILT | 1988 |
| COMMUNITY | 34224 - Englewood | COUNTY | Charlotte |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Oct 15, '24 | $1,299,900 |
|---|---|
| Oct 15, '24 - Today | $1,150,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Range, Refrigerator, Washer |
| AREA | 34224 - Englewood |
| CONSTRUCTION | Block, Concrete, Stucco |
| EXTERIOR | Storage |
| HEAT | None |
| LOT | 0.55 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| SEWER | Public Sewer |
| SUBDIVISION | GROVE CITY COVE |
| TAXES | 12578.9 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Kenneth Bracher, STARLINK REALTY, 239-693-7263
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/23/24 3:47 PM PST.
This IDX solution is (c) Diverse Solutions 2024.