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115 Friendship Ln
Englewood, FL 34223

$1,169,000 USD

Apartments Condo For Sale  •  800 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,586 SF
  • Lot Size 0.25 AC
  • Building Class C
  • Year Built 1946
  • Zoning MSF5
0 Transit Score
19 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Unkwn Floor - Unit 1-6 Flex 800 SF $1,169,000 USD
  • Unit Size: 800 SF
  • Condo Use: Flex
  • Price: $1,169,000 USD
  • Sale Type: Investment
  • Price/SF: $1,461.25 USD

Description

Unrivaled Manasota Key Investment: High-Yield 6-Unit Compound! Nestled on the sun-drenched shores of Manasota Key, where the morning light dances across Lemon Bay and the evenings conclude with a legendary Gulf of Mexico sunset, lies an unrivaled investment opportunity. This exclusive six-unit residential compound represents the pinnacle of the "Old Florida" lifestyle, harmonizing serene coastal charm and a powerhouse financial profile. With a HIGH producing income, this estate is more than a property; it is a meticulously curated vacation destination with a proven legacy of success on global rental platforms and a high rate of recurring guests seeking the ultimate island escape. Offering the rare luxury of versatility, providing public BEACH and BAY ACCESS nearby that invites residents and guests to wander from white-sand shorelines to tranquil turquoise waters in a matter of moments, JUST 500 FEET in either direction! The compound itself is a pinnacle in coastal design, sold turnkey furnished with a sophisticated "beachy" aesthetic. Every detail has been considered for the discerning guest, from the newly installed luxury vinyl plank flooring (2024) and crisp white shaker-style cabinetry to the BRAND-NEW stainless steel appliances (2024–2025). The living spaces are airy and bright, featuring modern comforts and IMPACT-RESISTANT WINDOWS on most of the exterior perimiter that offers both beauty and structural peace of mind, in addition the ROOFS were all replaced in 2020!. Spanning multiple structures, the property includes a stately triplex featuring two 2-bedroom/1-bathroom units and a premier 2-bedroom/2-bathroom residence, alongside a secondary building housing a 2-bedroom/1-bathroom unit and two chic studio apartments. For the visionary investor, the estate offers a value-add opportunity in Building 115. Currently a blank canvas, it is awaiting a custom transformation, this space provides the rare chance to expand the compound into a high-performance 7-plex, further elevating the property’s equity and income potential that already has a 12-15% CAP Rate! This unique estate could also serve as the ultimate FAMILY COMPOUND in a rare opportunity to create a legacy where generations can gather to create lifelong coastal memories! Life at this Manasota Key retreat is defined by its exquisite outdoor amenities. A lush, paved patio serves as the heart of the compound, featuring a spacious SWIM SPA with a WATERFALL and THERAPY JETS, professional-grade BBQ stations, and elegant dining enclaves. Guests can spend their afternoons exploring the bay with the provided kayaks or watching dolphins cruise by from the quiet seating area at the end of Friendship Lane! With the vibrant dining of Manasota Key and historic Dearborn Street and the pristine trails of Stump Pass Beach just a short stroll or free shuttle ride away, this property offers a seamless blend of privacy and world-class accessibility. Offered "as-is" with rights to inspection, this is a cornerstone asset for any luxury portfolio—a rare chance to own a piece of paradise that performs as beautifully as it looks. This property will certainly not last long! Contact us today for an exclusive showing!

Highlights

Turn Key Furnished-ALL 6 Units
500' from Beach & Bay with Public Access
Solid Rental Following
On site Swim Spa Pool with Therapy Jets
7th Unit to renovate for added income
Walking distance to beach amenities including 4 restaurants

Amenities

  • Air Conditioning
  • Courtyard
  • Dishwasher
  • Laundry Facilities
  • Microwave
  • Picnic Area
  • Heating
  • Furnished Units Available
  • Grill
  • Walking/Biking Trails
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Wi-Fi
  • Community-Wide WiFi
  • Coffee System
  • Vinyl Flooring
  • Window Coverings
  • Private Bathroom
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Punta Gorda 53 min - 30.5 mi
Sarasota/Bradenton International 66 min - 44.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Nicole Mantha 941-223-7339 Keller Williams Island Life Real Estate
Nicole Mantha 941-223-7339 Keller Williams Island Life Real Estate