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Incredible Investor Opportunity for this 6 unit, multi-family property in highly desirable Englewood location just steps from Lemon Bay, 1.5 miles from all the shops and restaurants on historic Downtown Dearborn Street and a short 2 mile drive to the world famous sandy beaches of Manasota Key! Comprised of six 1 bed/1 bath cottages, the four detached buildings are grouped around a central public courtyard with multiple patio areas, built-in BBQs and a shuffle board court. For over 20+ years this signature property was part of the Englewood Lighthouse Resort and exudes old Florida charm with a lighthouse theme throughout. It's literally just steps from the Lemon Bay Sunrise Park with a public boat launch, picnic pavillion and restroom facilities. Three of the buildings have just received brand new roofs in 2025 and all units come fully furnised. The two stand alone cottages on the western side of the property feature original terrazzo floors and large back patios with views of the gorgeous sunsets over Lemon Bay. Uses include both long term rentals or possible vacation rentals. Increase the value by adding a pool or hot tub to the central courtyard. Now is your opportunity to own this piece of the old world, laid back Florida beach life that has been wooing locals and enticing snowbirds for years. This rental property is truly for those that embrace the Salt Life!
Features
Age: Over 50 Years Old
Appliance: Dishwasher
Appliance: Microwave
Appliance: Refrigerator
Appliance: Dryer
Appliance: Washer
Architecture Style: Other
Building Units: 6
Cooling System: Window Unit(s)
Cooling System: Multi Units
Cooling System: Wall/Window Unit(s)
Exterior Type: Stucco
Exterior Type: Block
Floor Covering: Tile
Floor Covering: Tile - Ceramic
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