Address
509,529,601 SHORE ROAD Nokomis, FL
Price
$ 1,450,000
Property Attributes
- MLS#A4471768
- TypePending
- CountySARASOTA
- CityNokomis
- AreaNokomis-North Venice
- NeighborhoodAcreage & Unrec
- Zip34275
- StyleMulti-Family
- Year Built1978
- Taxes11600
- Price$ 1,450,000
- Bedrooms5
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3541
- Lot Size0.92 Acres
Listing Provided Courtesy Of:
S & D REAL ESTATE SERVICE LLC
Property Description
Rare income-producing as-is investment opportunity with significant value add in a desirable and growing area. 4 properties include 509, 529, 601 Shore Rd and multifamily vacant lot. Over $65,000 in reservations currently booked! These properties are all well established with glowing reviews on Airbnb and repeat guest stays. The owners website is fully set up and ready for you to take over with ease. There are 3 individual properties totaling 5 total units comprised of: 2-2b/1ba and 3-1b/1ba. Great VALUE ADD with a vacant lot zoned MFR1 with the ability to add a minimum of 3 more units, build up to 2,800 sqft to generate almost double the income. A current “best use†appraisal is available to confirm the value and potential these unique properties give you. Desirably located where renters pay to be, 1/2 a mile, 10 min walk to the beach and close to shops, restaurants and the Legacy Trail. The property is fully fenced with all units and parking inside by each one giving it a secure and private resort feel. Guests can use the heated, saltwater pool year-round. Located in the center for guest convenience, the screened-in pool is completely stand-alone with a paver patio and a sun shelf for lounging inside the pool. All units have been updated within the last 6 months, over $22,000 in renovations have been done. Each one is decorated in its own coastal theme and fully furnished. 5 have a private screened lanai and 1 is open with a waterfall. Easy check-ins with keyless entry. Guests also enjoy high-speed internet, free use beach towels, chairs, umbrellas, and bicycles. Unique income opportunities in this private setting for events such as family reunions, retreats, corporate functions and beach weddings. Currently, a maximum of 23 guests allowed and more after developing the vacant lot. Great investment opportunity to produce income whether you have a property manager or live in one and run your own business while living the wonderful Florida lifestyle!
| Price History | |
|---|---|
| 7/11/2020 | Listed $1,499,000 |
| 9/5/2020 | 4% - $1,450,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Additional Rooms | Attic |
| Appliances | Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer |
| Community Features | Pool |
| Construction Materials | Block, Stucco, Wood Frame |
| Cooling | Central Air, Mini-Split Unit(s) |
| Exterior Features | Fenced, Hurricane Shutters, Lighting, Outdoor Grill, Sidewalk |
| Flooring | Laminate, Tile |
| Heating | None |
| Interior Features | Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Pest Guard System, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments |
| Levels | One |
| MLS Area | 34275 - Nokomis/North Venice |
| Minimum Lease Period | 1 Month |
| Parking Features | Guest |
| Patio/Porch Features | Covered, Enclosed, Screened |
| Pool Features | Heated, In Ground, Salt Water, Screen Enclosure |
| Private Pool | Yes |
| Property SubType | Multi-Family |
| Property Type | Residential Income |
| Roof | Metal, Shingle |
| Security Features | Closed Circuit Camera(s), Security Lights, Smoke Detector(s) |
| Sewer | Septic Tank |
| Special Listing Conditions | None |
| Status | Pending |
| Subdiv Community Name | Nokomis |
| Subdivision Name | ACREAGE & UNREC |
| Terms | Cash, Conventional |
| Total Num Buildings | 3 |
| Total Units | 5 |
| Township | 38S |
| Utilities | BB/HS Internet Available, Electricity Available, Electricity Connected, Public, Street Lights, Underground Utilities, Water Available, Water Connected |
| View | Pool |
| Year Built | 1978 |
| Zoning | RMF1 |
Interior Features
| Furnished Y/N | Furnished |
|---|---|
| Laundry Features | Inside, In Garage, Laundry Room |
| Living Area | 3541.00 |
| Unit Count | 5 |
Exterior Features
| Building Area Total | 5081.00 |
|---|---|
| Foundation Details | Slab |
| Lot Features | In County, Level/Flat, Street Paved |
| Lot Size Acres | 0.92 |
| Lot Size Square Feet | 40517 |
| Number of Lots | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 34275
Price
Taxes
Visits
Year Built
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