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Englewood

One of the most popular communities provided by Michael Graf

Englewood

About Englewood

<p>Englewood is a coastal haven known for its relaxed atmosphere, uncrowded beaches, and strong sense of community. Nestled along Lemon Bay and the Gulf of Mexico, it offers endless opportunities for boating, fishing, and sunset strolls. With charming local shops, fresh seafood restaurants, and a thriving arts scene, Englewood captures the essence of Old Florida. Whether you're looking for a vacation retreat or a full-time residence, Englewood offers laid-back living with all the natural beauty Florida is famous for.</p>
One of the most popular communities provided by Michael Graf
72
# of Listings
3
Avg # of Bedrooms
$130
Avg. $ / Sq.Ft.
$251,761
Med. List Price

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1 Properties Found. Page 1 of 1.

** Prime Investment Opportunity – 8 Units + Portfolio Option ** Introducing a fully renovated 8-unit income-producing property located on a large corner lot in Eagle Lake. The property consists of 7 apartment units and 1 detached single-family home, offering versatile rental options for steady cash flow. Built with a combination of concrete block and wood frame, this property underwent a complete renovation with a NEW roof in 2022, all new electrical, all new plumbing (CPVC & PEX), luxury vinyl plank (LVP) flooring, new appliances, countertops, tankless 30-gallon water heaters, and fresh interior/exterior paint. Every system and finish has been modernized to minimize maintenance and maximize return. This property has a proven rental history, leasing quickly due to its quality updates and prime location. Investors will also appreciate the opportunity to purchase it as part of a larger portfolio consisting of three additional single-family homes, totaling 11 units across 4 parcels. With rents in Eagle Lake increasing over 300 p ercent in the last decade and the current average rent hovering around $2,000, this property presents a rare chance to secure a total $100,000 NOI at a 6.25 cap rate for 11 units. Other properties included in the optional portfolio: 52nd N 4th St (adjacent to subject property), 650 N 8th St, and 652 N Jackson St. Don’t miss this exceptional opportunity to expand or establish your rental portfolio in one of Central Florida’s fastest-growing rental markets.
#TB8424613

EAGLE LAKE

19 W EAGLE AVENUE

None Beds

None Baths

4,572 Sq.Ft.

$1,166,000

MLS#: TB8424613

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