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177 W Cowles Street
Englewood, FL 34223

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Property Details


List Price: $499,000
Beds: 5
Baths: --
Status: Active
SqFt: 2432
Agency: Lasbury-Tracy Real Estate, Inc

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Description/Comments


Lot Size: --
Property Type: MultiFamily
Year Built: 1986
Notes: ~ INCOME PROPERTY IN OLD ENGLEWOOD VILLAGE! ~If you're in the market for a vacation home that generates income, this property could be the ideal match for you. Situated within walking distance to Old Englewood Village and Lemon Bay, and notably located in the desirable X500 flood zone (No flood insurance required), this investment offers a prime location along with three distinct floorplans.<br /> <br /> The upstairs right unit is a recently updated 1 bed/1 bath. On the upstairs left, you'll find a spacious 2 bed/2 bath featuring walk-in closets, an eat-in kitchen, and sliding doors that open from both the living room and master bedroom to an outdoor deck. The ground floor houses a 2 bed/1 bath unit attached to one of the garages, which includes a door opener and direct access to the apartment from the garage. The second garage is designated for tenant storage. Additionally, the property offers a community laundry room, equipped with coin-operated machines, and an extra half bath for convenience.<br /> <br /> Recent upgrades to the building include a new roof, soffits, and a fresh coat of exterior paint. All three units are in excellent condition, as are all mechanical systems. For those interested in income potential, the current rents provide a CAP rate that significantly outperforms traditional bank offerings. Schedule your private showing today.
MlsNumber: D6135527


Listing Provided By: Lasbury-Tracy Real Estate, Inc, original listing
Name: Lasbury-Tracy Real Estate, Inc
Phone: (941) 474-5585
Office Name: LASBURY-TRACY REALTY INC.
Office Phone: (941) 474-5585
Agent Name: Austin Tracy
Disclaimer: Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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