Price Reduction - Waterfront
Address
Not Disclosed, NOKOMIS, FL
Price
$ 995,500
Property Attributes
- MLS#N6131963
- TypeIncome
- CountySARASOTA
- CityNOKOMIS
- AreaNokomis-North Venice
- NeighborhoodBay Point Corr Of
- Zip34275
- StyleDuplex
- Year Built1953
- Taxes$ 4518
- Price$ 995,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1477
- Lot Size10,890 SqFt
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 18,000 square feet) and can be made very private for the owner with deeded access to Pine Street. 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 smll 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 easyly 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 |
| 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 |
| View | Garden |
| Property SubType | Duplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Community Features | Fishing,Water Access |
| County | Sarasota |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Attached Garage | Yes |
| Subdivision Name | BAY POINT CORR OF |
| 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 |
| High School | Venice Senior High |
| City | NOKOMIS |
| Buyer Agent Compensation | 3% |
| Senior Community Y/N | No |
| Total Units | 2 |
| MLS Area | 34275 - Nokomis/North Venice |
| Lot Size Square Feet | 11000 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
| Elementary School | Laurel Nokomis Elementary |
| Property Attached Y/N | Yes |
| Tax Annual Amount | 4518.66 |
| Middle/Junior High School | Laurel Nokomis Middle |
| Public Remarks | 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 18,000 square fee |
| Ok to Lease | 12 Months |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/N6131963 |
| Days on Market | 29 |
| Standard Status | Active |
| Tax Lot | 2 |
| Legal Description | LOT 2 BLK 32,CORRECTED PLAT OF BAY POINT |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Window Features | Blinds |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| Laundry Features | Common Area,Outside |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
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 |
| Lot Size Units | Square Feet |
| Covered Spaces | 2 |
| Road Frontage Type | Street Paved |
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
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 16, 2024 5:13 PM UTC
