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: Investment
Building Name: Nokomis 4-Plex
Usable Size (USF): 3,330 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 5/13/2022

Overview / Comments

RARE MF INVESTMENT OPPORTUNITY. This 4-Plex in Sarasota County is fully-occupied with long-term, stable tenants. Current rent is below market and does
not reflect the actual earning potential of this property. Increase rent to market
rate for substantial return on investment. Market CAP rate 7+%

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
Area Description: Located just off US 41 / S. Tamiami Trail at Colonia Lane East. Just minutes to several stunning gulf beaches, the North and South jetties, Casey Key, Historic Downtown Venice, Nokomis Community Park and Legacy Bike Trail.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1988
Roof Type: Gable
Parking Type: Surface
Lot Frontage: 50.0
Lot Depth: 145.0
Land Ownership: Fee Simple
Legal Description: LOTS 5, 6, 7 & 8, BLK 16 NOKOMIS

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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


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