$1,450,000

509,529,601 Shore Road

NOKOMIS FL, 34275

Description

Rare income-producing as-is investment opportunity with significant value add in a desirable and growing area. 4 properties include 509, 529, 601 Shore Rd and multifamily vacant lot. Over $65,000 in reservations currently booked! These properties are all well established with glowing reviews on Airbnb and repeat guest stays. The owners website is fully set up and ready for you to take over with ease. There are 3 individual properties totaling 5 total units comprised of: 2-2b/1ba and 3-1b/1ba. Great VALUE ADD with a vacant lot zoned MFR1 with the ability to add a minimum of 3 more units, build up to 2,800 sqft to generate almost double the income. A current best use appraisal is available to confirm the value and potential these unique properties give you. Desirably located where renters pay to be, 1/2 a mile, 10 min walk to the beach and close to shops, restaurants and the Legacy Trail. The property is fully fenced with all units and parking inside by each one giving it a secure and private resort feel. Guests can use the heated, saltwater pool year-round. Located in the center for guest convenience, the screened-in pool is completely stand-alone with a paver patio and a sun shelf for lounging inside the pool. All units have been updated within the last 6 months, over $22,000 in renovations have been done. Each one is decorated in its own coastal theme and fully furnished. 5 have a private screened lanai and 1 is open with a waterfall. Easy check-ins with keyless entry. Guests also enjoy high-speed internet, free use beach towels, chairs, umbrellas, and bicycles. Unique income opportunities in this private setting for events such as family reunions, retreats, corporate functions and beach weddings. Currently, a maximum of 23 guests allowed and more after developing the vacant lot. Great investment opportunity to produce income whether you have a property manager or live in one and run your own business while living the wonderful Florida lifestyle!

Details

MLS#A4471768
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1978
Days On Site147

Features

SQ Feet3,541
Property ViewPool
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Area Information
StateFL
CountySarasota
CityNOKOMIS
Zip Code34275
Area34275 - NokomisNorth Venice
Listing VS Median (in 34275)
Price:
$1,450,000
low | high
Med:
$382,400
100% of Average
SqFt:
3,541
low | high
Med:
2,023
92.883366280712% of Average
$ / SqFt:
$409
low | high
Med:
$189
100% of Average
On Site:
147
low | high
Med:
47.500000
100% of Average
Listing Updated: December 1, 2020 12:01:57 AM PST
Annette Forsberg LogoMLS Number: A4471768
Listing Provided By:
Annette Forsberg  of  S D REAL ESTATE SERVICE LLC

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