ALF - Bed & Breakfast - Airbnb: Fantastic Opportunity

Special Purpose for Sale
Catylist Listing ID: 30366600
Building Size (RSF): 4,280 SF
Gross Building Area: See Agent
Sale Price: $1,197,000
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/16/2019

Overview / Comments

This is a most unusual and specially designed facility on the Island of Venice. ADA access, 8 bedrooms and 5 1/2 bathrooms between the 2 buildings. (5 of the bedrooms are on the first floor.)

A dream come true fit for an ALF, Bed and Breakfast, Airbnb, etc. or for a large family or a family that entertains a lot of overnight guests, or is looking for a rental income, these buildings are ideal.

The main building is +/-3503sf with a living room, dining room, kitchen and 2 bedrooms downstairs (one with a small kitchen). All rooms have views and access to the spacious courtyard. The third bedroom is upstairs and can be part of a private suite if combined with the bedroom that has a kitchen. There is as much privacy as you would like, yet everyone can be together in a matter of seconds. Also, the first floor rooms are all handicap accessible.

The Guest House (1306sf) has 2 bedrooms on the courtyard, a third upstairs (or a Den) and a living room, kitchen and bedroom.

In both structures, most rooms have their own bathrooms and there is also a half bath in the main building.

Generator and two A/C units for electrical outage emergencies.

Current Tenants

Tenant Business Name Miscellaneous
Options Residents can be given 45 days Notice to vacate.
Tenant Notes Currently an ALF Licensed for 9 Beds. Currently 4 residents, therefore price is based on comps for the 2 buildings, not the income or income potential.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0176090031
Zoning: RMF3 - RESIDENTIAL-MULTIFAMILY
Property Visibility: Excellent
Largest Nearby Street: Harbor Drive
Area Description: There are other apartments in the area as well as single family homes and there is a large park across the street. Literally minutes to downtown Venice.
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Year Built: 1992
Year Renovated: 1997
Roof Type: Barrel Shell
Construction/Siding: Aluminum Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,009 35,852 66,948
Median Age: 67.37 60.66 59.84
Households: 4,160 18,717 34,061

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