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$1,299,900

Beds
7
Baths
8.0
sq ft
Unknown

1994 Massachusetts Ave Unit 5, Englewood, FL 34224

1994 Massachusetts Ave Unit 5

ENGLEWOOD, FL 34224

  • 22 days on market
This income producing property includes 4 structures, 2 duplexes all 1 bed 1 bath, 1 single Family Cottage with 2 Bedrooms 1 Bath and a Triplex with two 1 bedroom 1 bath and an efficiency apt. The two duplexes and the 2 bedroom cottage the tenants pay their water, sewer and Electric. The triplex Owner pays water, sewer and electric. There is shared Laundry room, Washer and Dryer for tenants use. Owner has a Storage Shed onsite for tools, lawnmower etc. Property generates $9640 per month in rent. City water, City Sewer all assessments paid. All exteriors of buildings have been painted in the last 12 months, All Apartment Rentals interiors have been painted in the last 12 months. Triplex has Metal Roof and new roll roof on the efficiency, 1 duplex and cottage have 5 year old roof, the other duplex has 6.5 year old roof. Cap rate .0747. Property is right up the street from the Intercoastal.

Details

Property type

Duplex

Lot size

0.55 acres

Price per sq ft

Unknown

Year built

1988

Annual property taxes

$12,578.9

Price History

08/28/2024
NABOR

NABOR #224070916

Listed
$1,299,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

John Somma Etux

Loan start date

June 2021

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

3.04%

Loan type

Balloon, 5 year

Seller

Patricia J Bracher and The Patricia J Bracher Revocable Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 9:25 PM

Listing updated: 08/28/2024 at 4:04 PM

Listed by: Kenneth Bracher, Starlink Realty, Inc Phone #: (239) 693-7263

MLS: NABOR #224070916

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Recently listed in ENGLEWOOD