$950,000
$950,000
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4 Beds
4 Baths
2,160 SqFt
SOLD DATE : 03/31/2023
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $439
Subdivision Venice Gulf View
MLS Listing ID N6125098
Bedrooms 4
Year Built 1966
Annual Tax Amount $9,850
Lot Size 9,583 Sqft
Property Description
Calling all investors! Amazing vacation rental opportunity on Venice Island! This multifamily complex comprises four units with 1 bed/1 bath floor plans. Charmingly appointed and designed for comfort, all 4 units feature a neutral palette gracefully displaying the airy&light open layout. Well-organized, the central point in each unit is the living/dining room area. Elegantly upgraded, eat-in kitchen comes with solid wood shaker-style cabinetry beautifully matched with light St. Cecilia granite countertops and stainless steel appliance package.�Bedrooms offer built-in shelving and en-suite bathrooms with single vanities, new medical cabinetry, and tubs with showers. All of the units have a screened lanai attached. Additional features include hurricane impact windows, tile floorings, zoned AC units in all living�rooms and bedrooms (new ACs in units C and D), individual driveways, a common use Laundry room with 2 sets of washers and dryers (coin operated), and mailboxes assigned�to each unit. Ideal for nature and recreation lovers - across the street is the John Nolen Park with a playground, picnic tables, grills, and hiking trails�leading to the Venice history signs. Just a block and a half away from downtown Venice with its plentiful dining, shopping, and entertainment spots like Venice Theater and Centennial Park. Close proximity to mesmerizing Venice beach�and�South Jetty fishing. Proforma rent at a 6.8 cap rate with a much higher cap appreciation rate based on the location! For comparison, 1 bed/1 bath units for rent in the neighborhood are priced at around $1,800 per month. Great opportunity for 1031�exchange investors. Don't miss your chance to get this revenue producing property and give us a call TODAY!
Location
State FL
County Sarasota
Community Venice Gulf View
Zoning RMF3
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile
Laundry Other
Exterior
Exterior Feature Other
Garage Assigned, Circular Driveway, Guest, None, On Street, Open
Community Features Sidewalks
Utilities Available Cable Available, Street Lights
Amenities Available Laundry
Waterfront false
View Park/Greenbelt
Roof Type Metal, Tile
Building
Lot Description City Limits, Near Public Transit, Sidewalk, Paved
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block, Stucco
New Construction false
Schools
Elementary Schools Venice Elementary
Middle Schools Venice Area Middle
High Schools Venice Senior High
Others
Acceptable Financing Cash, Conventional, FHA, Other, VA Loan
Listing Terms Cash, Conventional, FHA, Other, VA Loan
Special Listing Condition None
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Bought with GULF SHORES REALTY