For Sale

Listed by Brock Broussard

Source: Stellar MLS #U8116547

1601 Placida Road, Englewood, FL, 34223

$1,700,000

10764 sq. ft.
37666 sq. ft.

MultiFam

30+ days on the market

What's around 1601 Placida Road

About this property

We are pleased to present Japonica Square. This is a 16 unit 1979 block construction which includes 16: 1 bedroom apartments (670sqft). There's an average of $150 rent increase per unit on yearly rentals. The property is located conveniently next to Hwy 776 (0.3mi) for easy access and in walking distance of Merchants Crossing Shopping Center (0.2 mi) and Palm Plaza (0.3 mi) which includes Publix Supermarket, Winn-Dixie, CVS Pharmacy and many other restaurants, banks and retailers. Punta Gorda Beach is only 2.5 miles away making this a great opportunity for vacation rentals as well. Minimum vacation rates on neighboring properties are $675/week or $2,300/month. Offers must include POF and ability to purchase. Please see OM attached with current P&L.

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