4 MF UNITS IN NORTH VENICE, FL

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: MF Investment - North Venice, FL
Usable Size (USF): 3,330 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 5/30/2023

Overview / Comments

FOUR UNITS - OCCUPIED WITH LONG-TERM, STABLE TENANTS. This is a value-add opportunity with existing tenants paying below market rents. Potential for substantial return on investment.

Located just off US 41 / S. Tamiami Trail at Colonia Lane East. Minutes to several stunning gulf beaches, the North and South jetties, Casey Key, Historic Downtown Venice, and Legacy Bike Trail.

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, I-75
Airports: Venice Municipal Airport - 2.9 miles, SRQ
Site Description: 4 UNITS - 2 BUILDINGS
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
Property Condition: Good
Number of Stories: 1
Year Built: 1988
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Parking Description: parking lot
Heat Type: Electricity
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

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,964 32,225 63,632
Median Age: 60.79 63.28 60.67
Households: 4,927 17,328 32,685

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