1994 MASSACHUSETTS AVE, Englewood, FL 34224 – A4621761

$1,020,000

Est. payment -/mo

$1,150,000

11.3%

Est.Price: ?

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3,714 SqFt

SOLD DATE : 12/13/2024

Key Details

Sold Price $1,020,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,714 sqft

Price per Sqft $274

Subdivision Grove City Cove

MLS Listing ID A4621761

Sold Date 12/13/24

Construction Status Financing

HOA Y/N No

Originating Board Stellar MLS

Year Built 1988

Annual Tax Amount $12,578

Lot Size 0.550 Acres

Acres 0.55

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 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!

Location

State FL

County Charlotte

Community Grove City Cove

Zoning RMF15

Interior

Interior Features Ninguno

Heating None

Cooling Wall/Window Unit(s)

Flooring Tile, Vinyl

Fireplace false

Appliance Dryer, Range, Refrigerator, Washer

Laundry Common Area

Exterior

Exterior Feature Storage

Utilities Available Public

Roof Type Metal,Shingle

Garage false

Private Pool No

Building

Lot Description Corner Lot

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Construction Status Financing

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

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Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by STARLINK REALTY
Bought with CALL IT CLOSED INTL REALTY

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com