404 Palm Avenue #a & B Nokomis, FL 34275

$1,095,500
2
Beds
2
Baths
0.25
Acres
1,477
SQFT
742
$/SQFT
$1,095,500
2
Beds
2
Baths
1,477   sf
$742 / sf
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Wow, this is a rare offering that is located in a great old neighborhood that was platted nearly 100 years ago! The building has a new roof and is a duplex that has one bed room and one bath on the A side and is approximately 793 square feet of living space and a private drive on the east side of the building. It has an open porch and access to a shared laundry, covered facility with washer and dryer. The B side is nearly twice a s big and has a screened lanai and an open patio for grilling on the east side. One of the exciting things about the offering is that it also included a large 29 x 23 garage with a full stand up loft above! There is room for two cars and motorcycles or jet skis and more. In addition there are no restrictions against boat or RV parking on the duplex site which is 100x 110. But wait, there's more, behind the duplex is an 18,000 square foot lot that is also included. It is an irregular shape and has a 20 foot easement to Pine Road to the back of the property. You may be able to build a new home on this lot or an additional garage for your boat or RV and even and apartment for additional rental income. Ok what kind of income can this property produce? As the property is right now it is neat and clean and in good working order at the present time. My projected income for this property is as follows: Unit A (the smaller side 1 bed room 1 bath at $ 1,800.00 per month. The larger B side (1 bed room 1 bath with large 18 x 17 family room) $ 2,200.00 month, the garage could also be rented at $ 800.00 per month for a grand total of $ 4,800.00! Please note these are estimated projections and do not include the vacant lot behind the duplex that is part of the two combined parcels. This is a special property very close to Nokomis Beach and the Lyons Bay park just a few blocks down the street. Don't forget if you trailer a boat which you can park outside here the boat launch is less than two mile away. The sky is the limit on this property, a little imagination and creativity could add a great deal more rental income if the duplex was remodeled and up-dated with slight reconfiguration. This is an attractive and friendly neighborhood close to all your everyday needs and wants!

Wow, this is a rare offering that is located in a great old neighborhood that was platted nearly 100 years ago! The building has a new roof and is a duplex that has one bed room and one bath on the A side and is approximately 793 square feet of living space and a private drive on the east side of the building. It has an open porch and access to a shared laundry, covered facility with washer and dryer. The B side is nearly twice a s big and has a screened lanai and an open patio for grilling on the east side. One of the exciting things about the offering is that it also included a large 29 x 23 garage with a full stand up loft above! There is room for two cars and motorcycles or jet skis and more. In addition there are no restrictions against boat or RV parking on the duplex site which is 100x 110. But wait, there's more, behind the duplex is an 18,000 square foot lot that is also included. It is an irregular shape and has a 20 foot easement to Pine Road to the back of the property. You may be able to build a new home on this lot or an additional garage for your boat or RV and even and apartment for additional rental income. Ok what kind of income can this property produce? As the property is right now it is neat and clean and in good working order at the present time. My projected income for this property is as follows: Unit A (the smaller side 1 bed room 1 bath at $ 1,800.00 per month. The larger B side (1 bed room 1 bath with large 18 x 17 family room) $ 2,200.00 month, the garage could also be rented at $ 800.00 per month for a grand total of $ 4,800.00! Please note these are estimated projections and do not include the vacant lot behind the duplex that is part of the two combined parcels. This is a special property very close to Nokomis Beach and the Lyons Bay park just a few blocks down the street. Don't forget if you trailer a boat which you can park outside here the boat launch is less than two mile away. The sky is the limit on this property, a little imagination and creativity could add a great deal more rental income if the duplex was remodeled and up-dated with slight reconfiguration. This is an attractive and friendly neighborhood close to all your everyday needs and wants!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Sarasota
  • Area
    34275 - Nokomis/North Venice
  • Tax Amount
    $4,519
  • Status
    Active
  • Listing #
    N6131933
  • Built
    1953
  • Lot Size
    0.25
  • Listed on site
    36 days

Listed by:
Ayers And Associates Real Estate

Source:
StellarMLS

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School Info

Property details

Community Features

  • No HOA
  • Rental Restrictions - 1 Month

Property Features

  • Sewer
  • Has Virtual Tour

Exterior features

  • Has garage
  • Garage Attached
  • No Pool
  • Parking - RV / Boat
  • Patio
  • Porch
  • Storage Buildings
  • Workshop
  • Parking
  • Stucco

Interior Features

  • Central Air Conditioning
  • Laundry Hookup
  • Tile - Floors

Style

  • Multi Level
  • 2nd+ Floor Unit
  • Duplex

Financing

  • Cash
  • Conventional Financing
  • None
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