$1,020,000
$1,150,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
1994 Massachusetts AVE #5 Englewood, FL 34224
7 Beds
8 Baths
0.55 Acres Lot
Key Details
Sold Price $1,020,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 224070916
Sold Date 12/13/24
Style See Remarks
Bedrooms 7
Full Baths 8
Construction Status Resale
HOA Y/N No
Year Built 1988
Annual Tax Amount $12,578
Tax Year 2023
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions Appraiser
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!
Location
State FL
County Charlotte
Community Not Applicable
Area Oa01 - Out Of Area
Rooms
Bedroom Description NaN
Interior
Heating None
Cooling Window Unit(s)
Flooring Tile, Vinyl
Fireplace No
Window Features Single Hung
Exterior
Exterior Feature Storage
Community Features Non- Gated
Utilities Available Cable Available
Amenities Available None
Waterfront Description None
Water Access Desc Public
Roof Type Metal, Shingle
Garage No
Private Pool No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Structure Type Block,Concrete,Stucco
Construction Status Resale
Others
Pets Allowed Yes
Senior Community No
Tax ID 412017206011
Acceptable Financing All Financing Considered, Cash, Owner May Carry
Listing Terms All Financing Considered, Cash, Owner May Carry
Financing Seller Financing
Pets Allowed Yes
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