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 |
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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