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$995,500
↓ $100K (9.1%)
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Multifamily -
For Sale
AVENUE
NOKOMIS, FL
Studio
0 Bath
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
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
Exterior Details
Property Information
Has Property Attached
Square Footage: 1477
Square Footage Source: $0
Year Built: 1953
Building Information
Other Structures: Storage, Workshop
Window Features: Blinds
Construction Materials: Block, Stucco
Patio and Porch Features: Enclosed, Porch, Screened, Side Porch
Lot Information
Lot Features: Flag Lot, FloodZone, In County, Irregular Lot, Level, Near Marina, Near Public Transit, Unincorporated
Lot Size Area: 11000
Lot Size Units: Square Feet
Lot Size Acres: 0.25
Lot Size Square Feet: 11000
Lot Size Dimensions: 100 x 110
Tax Lot: 2
Land Information
Water Source: Public
Financial Details
Tax Annual Amount: $4,519
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Septic Tank