You won’t find a more unique opportunity in the Dearborn area of Englewood! This 3 bedroom, 3 bathroom property offers a rare and flexible setup designed for both living and income potential. Currently configured as two separate living spaces, this home gives you options that are hard to find in this area. The main residence features a 2 BEDROOM, 2 BATH SPLIT FLOOR PLAN with its own private front entrance, creating a comfortable and functional layout. Recent updates include NEW WINDOWS (2024), NEW A/C (2023), and a NEWER ROOF (2020) — giving peace of mind and move-in-ready convenience. Connected through a shared lanai — complete with WASHER, DRYER, and ADDITIONAL STORAGE — you’ll find a PRIVATE STUDIO APARTMENT with its own entrance, FULL KITCHEN, and FULL BATHROOM. This space is ideal for extended family, guests, or generating additional income. Investor alert! The front unit has been successfully operated as an Airbnb with 25+ FIVE-STAR REVIEWS, while the studio has been used as a long-term rental — offering immediate income-producing potential. Outside, the property features a NEW FULLY FENCED YARD (2024), storage sheds, and a PAVED WALKWAY from the side driveway for added convenience. The front of the home is fully shelled, providing ample space for parking boats, trailers, or multiple vehicles. Whether you're looking for a primary residence with income, a multi-generational setup, or a true investment property, this home delivers. You also have the option to convert it back to a traditional 3 BEDROOM, 3 BATH layout — a rare find in this area. NO HOA FEES and located just minutes from Dearborn Street, shopping, dining, and Gulf beaches. 370 E Fray St is a property that works for you — schedule your showing today and explore the possibilities.