N/A, NOKOMIS, FL

$899,500

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4

Beds

4

Baths

1,477

Square feet

0.25

Acres

About N/A

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!

Features of N/A

MLS® # N6131963
Price $899,500
Bedrooms 4
Bathrooms 4.00
Square Footage 1,477
Acres 0.25
Year Built 1953
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address N/A
Area Nokomis/North Venice
Subdivision BAY POINT
City NOKOMIS
County Sarasota
State FL
Zip Code 34275

Amenities

Parking Boat, Garage Faces Side, Ground Level, RV Parking, Workshop in Garage
# of Garages 2
View Garden
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Primary Bedroom Main Floor, Thermostat, Window Treatments
Heating Central, Electric
Cooling Central Air
Fireplace No

Exterior

Exterior Features Garden, Lighting, Sliding Doors, Storage
Lot Description Flag Lot, FloodZone, In County, Irregular Lot, Level, Near Marina, Near Public Transit, Paved, Unincorporated
Roof Shingle
Foundation Slab

School Information

Elementary Laurel Nokomis Elementary
Middle Laurel Nokomis Middle
High Venice Senior High

Additional Information

Date Listed March 28th, 2024
Days on Market 115
Zoning RSF3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAYERS AND ASSOCIATES REAL ESTATE

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