4,608 SqFt
4,608 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,608 sqft
Price per Sqft $184
Subdivision Nokomis
MLS Listing ID A4673788
HOA Y/N No
Year Built 1972
Annual Tax Amount $8,750
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Current rents are approximately $200 below market, with occupancy at 33%, offering significant upside potential. Durable construction with in-unit laundry, patios/balconies, and central AC ensures long-term tenant appeal. The property's prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, attracting a broad rental audience. Notably, only one of the two buildings has been fully renovated, leaving additional upside through renovations in the second building.
This investment represents a rare coastal multifamily opportunity in a supply-constrained, high-demand market, providing both near-term income upside and long-term appreciation potential.
Location
State FL
County Sarasota
Community Nokomis
Area 34275 - Nokomis/North Venice
Zoning RMF3
Direction W
Interior
Interior Features Solid Surface Counters, Thermostat
Heating Central
Cooling Central Air
Fireplace false
Laundry Inside
Exterior
Exterior Feature Lighting, Sidewalk
Utilities Available Cable Connected, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Schools
Elementary Schools Laurel Nokomis Elementary
High Schools Venice Senior High
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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