115 Friendship Lane, ENGLEWOOD, FL 34223
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  • MLS#: D6142396 ( Residential Income )
  • Street Address: 115 Friendship Lane
  • Viewed: 10
  • Price: $1,199,999
  • Price sqft: $289
  • Waterfront: No
  • Year Built: 1946
  • Bldg sqft: 4146
  • Days On Market: 16
  • Additional Information
  • Geolocation: 26.918 / -82.3556
  • County: SARASOTA
  • City: ENGLEWOOD
  • Zipcode: 34223
  • Subdivision: S J Chadwicks Resub 01
  • Provided by: MICHAEL SAUNDERS & COMPANY
  • Contact: Maryann Casey
  • 941-473-7750
  • mfrmls
  • DMCA Notice
  • Description
    This is a rare and exciting opportunity to own a highly desirable income producing property ($248,000 gross income in 2024) on Manasota Key, a serene and charming beach town ideally positioned between the Gulf of Mexico and Lemon Bay. With deeded beach and bay access, this unique six unit compound offers guests and investors the best of both worldseasy access to sun soaked beaches and tranquil waters perfect for kayaking. This property has a strong rental history through platforms like VRBO, Airbnb, and Booking.com, offering investors an attractive stream of passive income in a high demand vacation area. Consistently high guest review scores across platforms reflect strong guest satisfaction and a proven track record of repeat bookingsan attractive indicator of reliable income potential. Unlock the potential for strong returns with the option to lease the entire complex or maximize value by living in one unit while generating income from the others. The property features a total of six units spread across a triplex and two additional buildings, along with separate on site laundry facilities. The triplex includes two 2 bedroom, 1 bath units and one 2 bedroom, 2 bath unit. Building 117 offers a 2 bedroom, 1 bath unit and two cozy studio apartments. Building 115, formerly a 2 bedroom, 1 bath unit, had a refrigerator fire and sustained damage and is being sold in as is condition, providing a blank canvas for its new buyer to customize it to their liking. All units are beautifully decorated with a fresh beachy vibe and are being sold turnkey furnished. They feature luxury vinyl plank (LVP) flooring installed in 2024, newer stainless steel appliances (20242025), updated kitchens with white shaker style cabinetry, and pull out sofa sleepers for additional guest accommodations. Most of the windows on the exterior perimeter are impact resistant for added peace of mind. The pool pump and heater were replaced in 20242025, and the roofs were redone in 2020. Outdoor amenities are designed to enhance the guest experience, with a beautifully paved patio area, BBQ grills, outdoor showers, a ping pong table, chaise lounges, and dining tables. A spacious swim spa featuring a waterfall and massage therapy jets, installed in 2015, adds a luxurious touch. Guests also enjoy the use of four kayaks and a quiet seating area at the end of Friendship Laneperfect for watching boats & dolphins cruise by. Manasota Key is a hidden gem along Floridas Gulf Coast, renowned for its laid back atmosphere, scenic beauty, excellent shelling, shark tooth hunting, and unforgettable sunrises and sunsets. Enjoy the ultimate in walkable livingjust steps from the beach, Lemon Bay, and a variety of local restaurants. Whether you're heading to Stump Pass Beach or dining nearby, everything is within walking distance or a short free shuttle ride awayideal for both vacationers and long term guests. Sold as is with rights to inspection, this property presents a compelling opportunity for investors seeking reliable rental income, long term appreciation, and the unique lifestyle that only beachfront living can offer.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Rain Gutters
  • Flooring: Luxury Vinyl
  • Living Area: 4146.00
  • Roof: Shingle
Land Information
  • Lot Features: FloodZone, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: Gunite, Heated, In Ground
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Wall/Window Unit(s)
  • Heating: Ductless
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Country: US
  • Furnished: Turnkey
  • Interior Features: Living Room/Dining Room Combo
  • Legal Description: CWS 001 0000 0002 S J CHADWICKS RESUB #1 LOTS 2 & 3 & W10 FT OF LT 4 ORIG LT 7 885/1721 1124/68 CT1437/1495 1523/1559 1660/405 1955/438 2037/507 CD2059/1999 3556/812 3595/660 3792/387 3841/285
  • Area Major: 34223 - Englewood
  • Occupant Type: Tenant
  • Parcel Number: 411912482002
  • Views: 10
  • Zoning Code: MSF5
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