Nokomis 4-Plex

Multi-Family for Sale
Catylist Listing ID: 30765955
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,332 SF
Gross Building Area: 3,490 SF
Gross Land Area: 15,206 SF
Sale Price: $935,000
Unit Price: $233,750 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Nokomis 4-Plex
Usable Size (USF): 3,330 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 11/30/2021

Overview / Comments

EXCELLENT INVESTMENT OPPORTUNITY. This high-demand 4-plex is fully-occupied with long-term, stable tenants. and offers an excellent investment opportunity offered at a 6% cap rate (7% pro forma cap rate). The grounds are a meticulously maintained Garden of Eden.

This 3,330 SF quadriplex is rare find anywhere in Southwest Florida. Perfect location situated between Venice and Nokomis, in idyllic Sarasota County.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0405130008
Zoning: RMF-1
Percent Occupied: 100%
Property Located Between: Located just off US 41 / S. Tamiami Trail at Colonia Lane East.
Highway Access: US 41 / S. Tamiami Trail
Airports: Venice Municipal Airport - 2.9 miles
Site Description: * Rare Investment Opportunity * Fully-Occupied 4-Plex * Long-Term, Stable Tenants * Located in Idyllic Sarasota County * Minutes from Beaches, Parks, Legacy Bike Trail * 6% CAP (7% Pro-forma)
Area Description: This 3,330 SF quadriplex is rare find anywhere in Southwest Florida. Perfect location situated between Venice and Nokomis, in idyllic Sarasota County.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Built: 1988
Roof Type: Gable
Parking Type: Surface
Zoning Description: RESIDENTIAL, MULTI FAMILY
Lot Frontage: 50.0
Lot Depth: 145.0
Land Ownership: Fee Simple
Legal Description: LOTS 5, 6, 7 & 8, BLK 16 NOKOMIS

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,804 32,225 63,632
Median Age: 62.31 63.28 60.67
Households: 4,379 17,328 32,685

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.