$899,500 $4,829 est/mo Sourced by Back At You

MLS Number: N6131963

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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 14,636 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!

Details

MLS#N6131963
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1953
Days On Site115
Listing Provided ByAYERS AND ASSOCIATES REAL ESTATE | Chris Tritschler
Buying Commision3%

Features

Bed(s)4
Bath(s)4
SQ Feet1,477
Garage2
Units2
ZoningRSF3
Acreage0.25
Property ViewGarden

Market Activity 34275

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of July 21, 2024 at 2:57:48 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountySarasota
CityNOKOMIS
Zip Code34275
Area34275 Nokomis | North Venice
Community NameBAY POINT
School DistrictVenice Senior High
Elementary SchoolLaurel Nokomis Elementary
Middle SchoolLaurel Nokomis Middle
High SchoolVenice Senior High
Listing VS Median (in BAY POINT)
Price:
$899,500
low | high
Med:
$2,150,000
89.021678710395% of Average
SqFt:
1,477
low | high
Med:
2,651
29.485443466486% of Average
$ / SqFt:
$609
low | high
Med:
$811
16.829490963692% of Average
On Site:
115
low | high
Med:
123.000000
93.49593495935% of Average
Sourced by Back At You
Listing Updated: July 12, 2024 at 1:20:40 PM PDT