177 W Cowles Street, Englewood, FL 34223
- $485,000
- 5
- BD
- 4
- BA
- 2,432
- SqFt
- Sold Price
- $485,000
- List Price
- $499,000
- Status
- Sold
- Days on Market
- 15
- Closing Date
- Apr 26, 2024
- MLS#
- D6135527
- Property Style
- Triplex
- Year Built
- 1986
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,432
- Lot Size
- 8,243
- Acres
- 0.19
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Palm View
- Community Name
- Englewood Plat Of
- MLS Area Major
- Englewood
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.
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Additional Information
- Taxes
- $5617
- Annual Gross Income
- 48000
- Community Features
- No Deed Restriction
- Property Description
- Walk-Up
- Zoning
- RMF1
- Interior Layout
- Ceiling Fans(s), Walk-In Closet(s)
- Interior Features
- Ceiling Fans(s), Walk-In Closet(s)
- Floor
- Carpet, Laminate
- Appliances
- Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Utilities
- Cable Available, Electricity Connected, Sewer Connected
- Heating
- Central, Electric, Wall Units / Window Unit
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Wood Frame
- Exterior Features
- Balcony, Fence
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 2 Car Garage
- Garage Spaces
- 2
- Garage Features
- Garage Door Opener
- Elementary School
- Englewood Elementary
- Middle School
- L.A. Ainger Middle
- High School
- Lemon Bay High
- Flood Zone Code
- X500
- Parcel ID
- 0503090002
- Legal Description
- W 1/2 OF LOTS 13 & 14 BLK 1 PALM VIEW SUB OF LOT 93 PLAT OF ENGLEWOOD
Listing courtesy of LASBURY-TRACY REALTY INC.. 941-474-5585
Selling Office: EXIT KING REALTY.Mortgage Calculator
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