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Keith Houtz

keithhoutz@outlook.com +1(727) 415-4982

$ 1,127,000

Est. payment | -/mo

11 Beds

7 Baths

4,146 SqFt

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$ 1,127,000

Est. payment | -/mo

Save Virtual Tour

11 Beds

7 Baths

4,146 SqFt

OPEN HOUSE

Sun Aug 03, 2:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,146 sqft

Price per Sqft $271

Subdivision S J Chadwicks Resub 01

MLS Listing ID D6142396

Bedrooms 11

HOA Y/N No

Year Built 1946

Annual Tax Amount $17,938

Lot Size 9,147 Sqft

Acres 0.21

Lot Dimensions 100' x 85' x 100' x 85'

Property Sub-Type Multi Family

Source Stellar MLS

Property 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 worlds—easy 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 bookings—an 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, which will eventually make this property a 7-plex. Although building 115 is currently uninhabitable, all 6 other units are available for rent. 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 (2024–2025), 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 2024–2025, 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 Lane—perfect for watching boats & dolphins cruise by. Manasota Key is a hidden gem along Florida's 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 living—just 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 away—ideal 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.

Location

State FL

County Charlotte

Community S J Chadwicks Resub 01

Area 34223 - Englewood

Zoning MSF5

Rooms

Other Rooms Inside Utility

Interior

Interior Features Living Room/Dining Room Combo

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Luxury Vinyl

Furnishings Turnkey

Fireplace false

Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Laundry Inside

Exterior

Exterior Feature Rain Gutters

Pool Gunite, Heated, In Ground

Utilities Available BB/HS Internet Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected

Water Access Yes

Water Access Desc Beach - Access Deeded

Roof Type Shingle

Porch Patio

Attached Garage false

Garage false

Private Pool Yes

Building

Lot Description FloodZone, Paved

Foundation Other

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Virtual Tour https://cmsphotography.hd.pics/115-Friendship-Ln/idx

Listed by MICHAEL SAUNDERS & COMPANY

Since 2005, I have lived and helped clients in the Tampa Bay area, covering Pasco, Pinellas, Hernando, and Hillsborough Counties. I know and stay tuned into the developing and growing areas of Tampa Bay. Experience, Integrity, and Professionalism.
Review any of my testimonials from past clients.
I work for you and to your best interest.
Contact me directly today.
Live Your Best Life!

+1(727) 415-4982

keithhoutz@outlook.com

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115 FRIENDSHIP LN Englewood, FL 34223