$485,000
$499,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
2,432 SqFt
SOLD DATE : 04/26/2024
Key Details
Sold Price $485,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $199
Subdivision Palm View
MLS Listing ID D6135527
Sold Date 04/26/24
Bedrooms 5
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1986
Annual Tax Amount $5,617
Lot Size 8,276 Sqft
Acres 0.19
Property Description
~ 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.
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.
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.
Location
State FL
County Sarasota
Community Palm View
Zoning RMF1
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), Walk-In Closet(s)
Heating Central, Electric, Wall Units / Window Unit
Cooling Central Air
Flooring Carpet, Laminate
Fireplace false
Appliance Dryer, Electric Water Heater, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Balcony, Fence
Garage Garage Door Opener
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Connected, Sewer Connected
Waterfront false
Roof Type Shingle
Attached Garage true
Garage true
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Construction Status Inspections
Schools
Elementary Schools Englewood Elementary
Middle Schools L.A. Ainger Middle
High Schools Lemon Bay High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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