Address Withheld
Imagine living in Florida in beautiful Nokomis in your new home right behind your forever income Duplex! The extra lot in back of the duplex can afford a brand new home (the lot is 18, 000 square feet) and can be made very private for the owner with deeded access to Pine Street. This is a rare opportunity to have a brand new home and solid income from the duplex and garage. The oversized two car garage has a full loft above it for storage or workshop. The projected income figures are very realistic and with the right improvements to the duplex could be even higher than projected. Great Nokomis location close to the beach and waterfront dining at Pops and Pelican Alley very nearby. Briandi's authentic NY Buffalo Wings and fine Italian cuisine is just around the corner on US 41. Nokomis is very close to downtown Venice just three miles south of Bay Point. Truly a great location for all things Venice and Nokomis! The projected income: Unit A $ 1, 800.00 per month, Unit B is substantially larger and would rent for $ 2, 200.oo per month, The 29 x23 foot garage with full stand up loft would easily rent for $ 800.00 per month for a gross rent total of $ 4, 800.00/month or $ 57, 600.00 pre year! After expenses and reserves the annual net income is $45, 181.00 A little imagination and reconfiguring the units would yield substantially more income at a modest expense. The building is sound and had new roof in 2023. Lots of opportunity with this property in a great location! Owner is motivated and says sell it! This property is easy to show with the Supra Lock Box and a phone call to the listing agent. Boat and RV storage at home on your lot is permitted in Bay Point! The value here is tremendous, considering the new house on the corner of Palm and Bay Point just sold for $ 945, 000.00 on one smll corner lot! All reasonable offer will be carefully considered by the owner. If you like the beach and fishing the neighborhood has access to the Lyon's Bay at Bay Point Park and is a short bike ride to Nokomis Beach. If you a walker you can easyly make it to the beach on foot and to the two waterfront restaurants mentioned above. Albee Road has sidewalk and streetlights for easy access! This neighborhood is changing rapidly and the recent price reduction make this a great value. Don't miss out!
- Property TypeMulti-Family
- NeighborhoodBay Point Corr Of
- CountySarasota
- Taxes$4,518
- HOA/Condo/Coop Fees$0
- Days on Site50 Days
- MLS StatusActive
- MLS ID NumberN6131963
- Home Size Source Public Records
- Year Built1953
- Lot Size0.25 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BlockStucco
- Parking BoatGarage Faces SideGround LevelR V ParkingWorkshop in Garage
- Sewer Septic Tank
- Acreage 0.25
- Water Public
- Property Sub Type Duplex
- Garage Spaces 2
- Attached Garage Yes
- Utilities Cable AvailableElectricity ConnectedWater Connected
- Foundation Slab
- Zoning RSF3
- Ownership Fee Simple
- Parcel Number 172110008
Interior Features
- Cooling Central Air
- Heating CentralElectric
- Interior Ceiling Fans(s)High CeilingsKitchen/Family Room ComboPrimary Bedroom Main FloorThermostatWindow Treatments
- Laundry Features Common AreaOutside
- Window Features Blinds
- Fireplace No
Exterior Features
- Roof Shingle
- View Garden
- Waterfront Property No
- Exterior GardenLightingSliding DoorsStorage
- Lot Flag LotFlood ZoneIn CountyIrregular LotLevelNear MarinaNear Public TransitPavedUnincorporated
- Patio And Porch EnclosedPorchScreenedSide Porch
- Other Structures StorageWorkshop
Community Features
- Township 39S
- Senior Community No
- MLS Area 34275 - Nokomis/North Venice