by RH Advisors

Check Availability
$995,500
↓ $100K (9.1%)
Multifamily - For Sale

AVENUE

NOKOMIS, FL
bedrooms
Studio
bathrooms
0 Bath
square feet
1477 Sqft
$5,265
Estimated Monthly
$0
HOA / Fees

About This Property

Imagine living in Florida in beautiful Nokomis in your new home right behind your forever income Duplex!  The extra lot in back of the duplex can afford a brand new home (the lot is 18,000 square feet) and can be made very private for the owner with deeded access to Pine Street.  This is a rare opportunity to have a brand new home and solid income from the duplex and garage.  The oversized two car garage has a full loft above it for storage or workshop.  The projected income figures are very realistic and with the right improvements to the duplex could be even higher than projected.  Great Nokomis location close to the beach and waterfront dining at Pops and Pelican Alley very nearby.  Briandi's authentic NY Buffalo Wings and fine Italian cuisine is just around the corner on US 41.  Nokomis is very close to downtown Venice  just three miles south of Bay Point.  Truly a great location for all things Venice and Nokomis!  The projected income: Unit A $ 1,800.00 per month, Unit B is substantially larger and would rent for $ 2,200.oo per month, The 29 x23 foot garage with full stand up loft would easily rent for $ 800.00 per month for a gross rent total of $ 4,800.00/month or $ 57,600.00 pre year!  After expenses and reserves the annual net income is $45,181.00  A little imagination and reconfiguring the units would yield substantially more income at a modest expense.  The building is sound and had new roof in 2023.  Lots of opportunity with this property in a great location!  Owner is motivated and says sell it!  This property is easy to show with the Supra Lock Box and a phone call to the listing agent.  Boat and RV storage at home on your lot is permitted in Bay Point!  The value here is tremendous, considering the new house on the corner of Palm and Bay Point just sold for $ 945,000.00 on one smll corner lot!  All reasonable offer will be carefully considered by the owner.  If you like the beach and fishing the neighborhood has access to the Lyon's Bay at Bay Point Park and is a short bike ride to Nokomis Beach.  If you a walker you can easyly make it to the beach on foot and to the two waterfront restaurants mentioned above.  Albee Road has sidewalk and streetlights for easy access!  This neighborhood is changing rapidly and the recent price reduction make this a great value.  Don't miss out!
Unit Size
1,477Ft²
Days on Market
31 days
Land Size
0.25 acres
Price per sqft
$674
Property Type
Multifamily
Property Taxes
$377
HOA Dues
-
Year Built
-
Listed By
Chris Tritschler
AYERS AND ASSOCIATES REAL ESTATE
Last updated: 24 hours ago (Stellar MLS #N6131963)

Price History

Date / Event Date Event Price
Apr 26, 2024 Price Decreased $995,500
↓ $100K (9.1%)
Price Decreased
Mar 28, 2024 Listed by AYERS AND ASSOCIATES REAL ESTATE $1,095,500
Listed by AYERS AND ASSOCIATES REAL ESTATE

Property Highlights

Air Conditioning
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Boat, Garage Faces Side, Ground Level, RV Parking, Workshop in Garage
Garage Spaces: 2
Garage Dimensions: 29x23
Interior Details

Interior Information

Interior Features: Ceiling Fans(s), High Ceiling(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Thermostat, Window Treatments
Laundry Features: Common Area, Outside

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

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