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784 S McCall Rd
Englewood, FL 34223
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Prime location near Englewood Beach and West Dearborn Street.
- Central courtyard with built-in BBQs and community laundry.
- Ideal for boutique retail, wellness, or hospitality concepts.
- Fully furnished units with full-size kitchens and private patios.
- High visibility on McCall Road with proximity to Lemon Bay Park.
EXECUTIVE SUMMARY
Rare opportunity to own six mid-century cottages on a 0.51-acre RMF-2 lot just steps from Lemon Bay (public kayak launch 450 ft) and only 2 miles to Englewood Beach. Previously part of the Englewood Lighthouse Resort, this fully furnished, turnkey multifamily asset offers multiple income streams and value-add angles.
- Delivered 100% vacant, all six units feature full kitchens, terrazzo or tile floors, newer split HVACs, private entries, and updated interiors.
- Three new roofs, newer HVACs, and concrete block construction provide ease of maintenance and durability.
- Utility Setup: Units 1 & 2 are separately metered for electric; 3 & 4 share one meter, as do 5 & 6. One shared water meter, ideal for RUBS or sub-metering.
- Bonus Income Potential: On-site laundry and storage room can be monetized with coin machines or converted to an owner’s closet.
- Zoning Upside: RMF-2 zoning on a 22,333 SF lot allows for higher density or potential ADU additions.
- Location Perks: Walk or bike to Lemon Bay Park, Dearborn Street, dining, marinas, and beaches. Just 15 minutes to SR-776 and US-41.
Financial Snapshot:
Price: $700,000
GRM: 8.71
CAP Rate (Yr 1): 8%
100% Occupancy Potential
Ideal for a 1031 exchange, boutique STR operator, or buy-and-hold investor looking for steady Gulf Coast demand, flexible configurations, and long-term appreciation.
Email for full pro forma, income projections & to schedule a private tour.
- Delivered 100% vacant, all six units feature full kitchens, terrazzo or tile floors, newer split HVACs, private entries, and updated interiors.
- Three new roofs, newer HVACs, and concrete block construction provide ease of maintenance and durability.
- Utility Setup: Units 1 & 2 are separately metered for electric; 3 & 4 share one meter, as do 5 & 6. One shared water meter, ideal for RUBS or sub-metering.
- Bonus Income Potential: On-site laundry and storage room can be monetized with coin machines or converted to an owner’s closet.
- Zoning Upside: RMF-2 zoning on a 22,333 SF lot allows for higher density or potential ADU additions.
- Location Perks: Walk or bike to Lemon Bay Park, Dearborn Street, dining, marinas, and beaches. Just 15 minutes to SR-776 and US-41.
Financial Snapshot:
Price: $700,000
GRM: 8.71
CAP Rate (Yr 1): 8%
100% Occupancy Potential
Ideal for a 1031 exchange, boutique STR operator, or buy-and-hold investor looking for steady Gulf Coast demand, flexible configurations, and long-term appreciation.
Email for full pro forma, income projections & to schedule a private tour.
PROPERTY FACTS
| Price Per Unit | $160,624 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Apartment Style | Single-Family Home |
| Cap Rate | 8% | Building Class | C |
| Sale Condition | REO Sale | Lot Size | 1.14 AC |
| Gross Rent Multiplier | 8.71 | Building Size | 3,530 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1951 |
| Zoning | RMF2 - Residential Multi-Family | ||
| Price Per Unit | $160,624 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | REO Sale |
| Gross Rent Multiplier | 8.71 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 3,530 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Zoning | RMF2 - Residential Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Yard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 0504-16-0032 | Improvements Assessment | $983,549 CAD |
| Land Assessment | $587,028 CAD | Total Assessment | $1,570,577 CAD |
PROPERTY TAXES
Parcel Number
0504-16-0032
Land Assessment
$587,028 CAD
Improvements Assessment
$983,549 CAD
Total Assessment
$1,570,577 CAD
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