149-181 Old Englewood Rd - Apartments FOR SALE


Englewood, FL 34223
$2,300,000 USD
813-697-1475
149-181 Old Englewood Rd, Englewood, FL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

149-181 Old Englewood Rd
Englewood, FL 34223


HIGHLIGHTS

  • Multifaceted Value-Add Potential
  • Desirable, Walkable Location
  • Access to Area Amenities
  • Area Development
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Lemon Landing, a twelve (12) unit multi-family property located at 149-181 Old Englewood Road in Englewood, Florida (the “Property”). The Property is centrally located in Englewood and is just two blocks from historic Dearborn Street, which serves as Englewood’s walkable downtown hub featuring a variety of local restaurants, boutiques, art galleries, and cafes. The location is less than a mile from North Indiana Avenue (FL Route 776), providing a convenient route along the Gulf Coast and connecting to major highways for further regional transportation. Englewood is approximately 35 miles south of Sarasota and 45 miles north of Fort Myers. The area in between the two cities is home to miles of pristine beaches and is continually ranked among the top travel destinations in the United States, funneling tourism dollars into the local economy. The Property consist of three buildings comprising twelve (12), 2-Bedroom/1 Bathroom residential units with 9,900 square feet of living area in 10,820 square feet of gross area on 1.60 acres of land. Lemon Landing represents the rare opportunity to acquire a well-located, meticulously maintained multi-family property in a desirable coastal community that offers income growth, strong investment returns, and upside in rents.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

12

PRICE/UNIT

$191,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lemon Landing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

RMF-4

APN/PARCEL ID

0497-11-0041

ASK ABOUT THIS PROPERTY

Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

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Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.