1600 Cardinal LaneEnglewood, FL 34224Price: $349,900

  • Price: $349,900
  • Est. Mortgage of $/month
  • 130 Days on Market
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%
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $349,900List Price
  • 2Bedrooms
  • 2Bathrooms
  • 0.21Acreage
  • 1,550Square Feet

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Investors Paradise with this gem of a duplex, a two bed, two bath property, with an FDOT approved, direct access driveway, off of McCall. This building has two units with 1 bedroom and 1 bath in each unit and is currently being used for long-term rentals; and would easily convert to seasonal rentals. There has been continual preventative maintenance on the building, so everything is functioning very well. At present you can achieve approximately an 8% ROI Plus Equity, with plenty of room for value-add projects, to increase your revenues. This structure is located three short miles from the Manasota Key Beach and is surrounded by all manner of amenities. Currently both units are leased out with a one year term. One unit is a new tenant and other is a long term tenant. Duplex has a nice screened in shared patio and outdoor area for sitting, grilling, or just enjoying FL beautiful summer days. Call today for private showing

Property Details of 1600 Cardinal Lane

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Listed by HORIZON REALTY INTERNATIONAL

Based on information submitted to StellarMLS as of May 25, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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