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Details

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!

PROPERTY FEATURES

Utilities : Public Water Access : 0 Sewer : Public Sewer
Exterior Features : Storage Road Surface Type : Paved Roof : Metal
Zoning : RMF15
Cooling : Wall/Window Unit(s)
Construction Materials : Block
Interior Features : Ninguno Appliances : Dryer Flooring : Tile

PROPERTY DETAILS

Street Address: 1994 MASSACHUSETTS AVENUE
City: Englewood
State: Florida
Postal Code: 34224
County: Charlotte
MLS Number: A4621761
Year Built: 1988
Courtesy of STARLINK REALTY

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