Bought with THE MULTIFAMILY FIRM LLC
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $125
Subdivision Nokomis
MLS Listing ID A4480410
Sold Date 01/28/21
HOA Y/N No
Year Built 1974
Annual Tax Amount $17,764
Lot Size 1.650 Acres
Acres 1.65
Property Sub-Type Multi-Family
Source Stellar MLS
Property Description
The property consists of 16 total units, in 8 solid masonry buildings, on one parcel of approximately 1.65 acres of land and is ideally positioned within 10 minutes of Casey Key, Venice Beach, Nokomis Beach & Main Street on Venice Island. The property features a favorable unit mix of 75% Two Bedroom units with washer/dryer hookups in all units and all Two Bedroom units are equipped with a large screened-in lanai. Six of the buildings are fitted with metal roofs and two buildings with shingle roofs. The property sits within steps of the new Legacy Trail extension that is currently in progress, and will connect Downtown Sarasota, Venice and North Port. Additionally, within a 3-5 mile radius of the subject property there is a new Sarasota Memorial Hospital Development currently in progress, as well as a New Amazon Distribution Center. All said, the property is an excellent value-add opportunity with strong upside potential by implementing a strategic interior renovation! Please view the property Offering Memorandum for full details including financials.
Location
State FL
County Sarasota
Community Nokomis
Area 34275 - Nokomis/North Venice
Zoning RMF1
Interior
Heating Central
Cooling Central Air
Flooring Tile
Furnishings Unfurnished
Fireplace false
Appliance Range, Range Hood, Refrigerator
Laundry Inside
Exterior
Exterior Feature Other
Utilities Available Cable Connected, Electricity Connected
Roof Type Metal,Shingle
Porch Screened
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Well
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Learn More About LPT Realty
