Listed by Dreznin Pappas Commercial Real Estate LLC
$697,000
The Nokomis Hideaway
Details
APN 0165040039
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,248
Net Rentable (SqFt) 2,248
Units 2
Cap Rate 5.31%
NOI $37,000
Occupancy 96%
Tenancy Single
Pro-Forma Cap Rate 5.74%
Pro-Forma NOI $40,000
Price per SqFt $310
Class B
Year Built 2000
Year Renovated 2024
Buildings 1
Stories 1
Lot Size (SqFt) 12,988
Zoning RMF2 - RESIDENTIAL, MULTIFAMILY
Investment Type Stabilized
Ownership Fee Simple
Multifamily | Block Construction | Built 2000 | Large 2/2 Units | Minimal Owner Expenses | 2 Units
Marketing description
The location is prime! It is located west of the trail in Nokomis, Florida. It is on a sheltered side access road just a few blocks from Blackburn Bay or Lyons Bay. It rests nestled in the middle of quaint locals and new remodeled and custom built million dollar homes.
The property is located with an ease of access to Publix, Aldi, Starbucks, Paradise Grill, Island Fin, Bella Rimini and personal favorite The Breakfast cottage.
Tenants and guests are also convenient to US-41 (S. Tamiami Trail) and Route 681 (Laurel Rd) and N/S & E/W travel.
Investment highlights
- Discover the Nokomis Hideaway, a lucrative investment opportunity boasting block construction for durability and peace of mind.
- Each of the spacious two-bedroom, two-bathroom units within this 2000-built property spans 1,124 rentable square feet, promising a high return on investment and ample space for tenants to thrive.
- Unleash the full potential of this property by exploring the option of transitioning from annual rentals to lucrative vacation rentals. Don't miss out on the opportunity to maximize your ROI and elevate your real estate portfolio with this versatile gem!
- Dive into the future of real estate investment with this meticulously maintained 21st-century property at 100 Charles Dr. Every inch of this multi-family gem exudes quality and care, boasting top shelf upgrades in roofing, HVAC systems, electrical wiring, plumbing, and interior renovations with a level of care that the current ownership achieves.
- Experience the peace of mind that comes with knowing that this property is not just a building—it's an investment in excellence.
Listing Contacts
Listed by Dreznin Pappas Commercial Real Estate LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,000.00
$3,083.33/mo
Valuation Metrics
0
DSCR
5.31%
Cap Rate
5.31%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
