Address
Not Disclosed, NOKOMIS, FL
Price
$ 995,500
Property Attributes
  • MLS#N6131963
  • TypeIncome
  • CountySARASOTA
  • CityNOKOMIS
  • AreaNokomis-North Venice
  • NeighborhoodBay Point
  • Zip34275
  • StyleDuplex
  • Year Built1953
  • Taxes$ 4518
  • Price$ 995,500
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage1477
  • Lot Size0.25 Acres
Data Source:
Stellar MLS
Property Description

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 14,636 square feet) and can be made very private for the owner with deeded access to Pine Street. News Flash! The lot just down the street on the corner of Pine and Palm, a ten thousand square foot corner lot just sold for $ 295,000.00! Our lot behind the duplex is almost twice the size at 18,000 square feet! 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 small 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 easily 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!

Elementary School Middle School High School
Laurel Nokomis Elementary Laurel Nokomis Middle Venice Senior High
Price History
3/28/2024 Listed $1,095,500
4/26/2024 10% - $995,500

General Features

Interior Features Ceiling Fan(s),High Ceilings,Kitchen/Family Room Combo,Primary Bedroom Main Floor,Thermostat,Window Treatments
Sewer Septic Tank
Heating Central,Electric
Cooling Central Air
Utilities BB/HS Internet Available,Cable Available,Electricity Connected,Sprinkler Well,Water Connected
Possession Close of Escrow
Roof Shingle
Exterior Features Garden,Lighting,Sliding Doors,Storage
Zoning RSF3
Garage Spaces 2
Patio/Porch Features Enclosed,Porch,Screened,Side Porch
Construction Materials Block,Stucco
Year Built 1953
Tenant Pays Electricity,Water
View Garden
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 57600
Community Features Fishing,Water Access
Additional Parcels Description 0172-11-0007
County Sarasota
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Attached Garage Yes
Subdivision Name BAY POINT
Garage Y/N Yes
Other Structures Storage,Workshop
Status Active
Directions In Nokomis from US 41 and Albee Road drive south on the trail past the Nokomis Volunteer Fire Department then the next right is Palm Avenue. The subject property is on your right a few blocks past t
ModificationTimestamp 2024-06-14T18:43:21.230Z
High School Venice Senior High
City NOKOMIS
Buyer Agent Compensation 3%
Disclosures Lead Paint,Seller Property Disclosure
View Y/N Yes
Senior Community Y/N No
NumberOfUnitsTotal 2
MLS Area 34275 - Nokomis/North Venice
Lot Size Units Square Feet
Lot Size Square Feet 11000
Waterfront Y/N No
Carport Y/N No
Elementary School Laurel Nokomis Elementary
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 4518.66
Middle/Junior High School Laurel Nokomis Middle
Ok to Lease 12 Months
Additional Parcels Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/N6131963
Days on Market 78
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 2
Total Actual Rent 4800
Legal Description LOT 2 BLK 32,CORRECTED PLAT OF BAY POINT
Water Access Y/N No
Water View Y/N No
Flood Zone Code AE

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Blinds
Fireplace Y/N No
Laundry Features Common Area,Outside
Total Bedrooms 4
LivingAreaSource Public Records
Total Baths 4

Exterior Features

Parking Features Boat,Garage Faces Side,Ground Level,RV Parking,Workshop in Garage
Lot Features Flag Lot,FloodZone,In County,Irregular Lot,Level,Near Marina,Near Public Transit,Unincorporated
Water Source Public
Lot Size Area 11000
Foundation Details Slab
Number of Buildings 1
Lot Dimensions 100 x 110
Lot Size Acres 0.25
Road Surface Type Paved,Asphalt
Covered Spaces 2
Number of Separate Water Meters 1
Number of Separate Electric Meters 2
Road Frontage Type Street Paved
Number of Lots 2
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 34275

Price
AVG $3.58M
$1,000K
Taxes
AVG $16,825
$4,518
Visits
AVG 789
669
Data Provided by Inside Real Estate®
Year Built
AVG 1964
1953

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