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350 Elm St
Englewood, FL 34223
Lemon Bay Garden Apartments · Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 10,933 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1974 |
| Building Class | C | Parking Ratio | 10/1,000 SF |
| Lot Size | 1.06 AC | ||
| Zoning | RSF-3 - Residential Single Family | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 10,933 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 10/1,000 SF |
| Zoning | RSF-3 - Residential Single Family |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Tile Floors
- Refrigerator
- Oven
About 350 ELM ST , ENGLEWOOD, FL 34223
Ownership just authorized a price reduction making this a 7% cap rate at asking price!!! A value-add opportunity with market rents situated at higher levels than exist currently at this complex. With some subtle interior and exterior improvements, the market rents are more achievable. 6 separate parcels with a duplex on each one, this cul-de-sac private community exists for the tenants only as they reside on the same street and look out for each other. This owner has created that community setting and culture on the surface and this can be fostered and cultivated to even stronger levels with new ownership moving forward.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,000 | 720 - 725 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,145,300 | |
| Land Assessment | $328,000 | Total Assessment | $1,473,300 |
Property Taxes
