Active

$700,000

Features:
  • 5 Bedrooms
  • 6 Bathrooms
  • 2621 sq ft
Overview
  • ID: MFRO6328016
  • Bedrooms: 5
  • Bathrooms: 6
  • Size: 2621 sq ft
Property Details
Remarks
Prime Gulf Coast investor opportunity—price-reduced 6-unit multifamily property in Englewood, FL, just steps from Lemon Bay and about 2 miles from Gulf beaches. Formerly part of the Englewood Lighthouse Resort, this well-maintained asset offers three newer roofs and fully furnished units for a turnkey acquisition. The property features six rentable units, including two standalone cottages with terrazzo flooring, private patios with sunset ambience, and adjacency to Lemon Bay Park with public boat launch, walking trails, and picnic areas. Flexible configuration supports multiple income strategies, from seasonal and short-term rentals to annual tenants. Located roughly 1.5 miles from historic West Dearborn Street with shops, dining, and entertainment, this coastal multifamily combines lifestyle appeal, proven rental demand, and value-add potential, including possible future amenity upgrades such as a pool, spa, or refreshed outdoor recreation areas.
Financial Considerations
Price:
$700,000
HOA Fee:
N/A
Tax Amount:
$10056.84
Price per SqFt:
$267.07
Tax Legal Description:
ELY 185 FT OF LOT 2 & PORTION OF LOT 1 DESC AS COM AT NE COR LOT 1 TH N-86-49-51-W 70.27 FT FOR POB TH S-03-10-09-W 3.54 FT TH N-84-29-23-W 45.73 FT TH N-03-10-09-E 1.67 FT TH S-86-49-51-E 45.69 FT
Exterior Features
Lot Size:
22333
Lot Features:
FloodZone, Near Public Transit, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Circular Driveway, Common, Off Street
Roof:
Built-Up, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
6
Heating:
Electric, Space Heater
Cooling:
Wall/Window Unit(s)
Appliances:
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Furnished:
Yes
Floor:
Ceramic Tile, Terrazzo
Levels:
One
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1951
Construction Type:
Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
Real Estate Owned
Additional Features:
Courtyard, Garden, Outdoor Grill, Private Mailbox, Storage
Additional Features 2:
Property had previously been granfathered with no rental restrictions and allowing daily rentals. However, Agent/Buyer should verify with local & county planning and zoning deptartments to verify if less than 30 day rental will continue to be allowed.
Map
  • Address
    784 S MCCALL RD
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