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 |
| 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 |
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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