For Sale
$3,300,000
615 Osceola Rd Nokomis, FL 34275
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Assumable financing with interest-only payments through September 2027.
- Assumable $2.2M non-recourse loan; 5.19% interest-only payments for three years, maturing August 2032.
- Extensive property-wide capital improvements completed within the last three years, including interior renovations to 15 of the 16 units.
- 8% cash-on-cash return with loan assumption, based on true underwriting with tax reset.
- Nearly all units include monthly utility reimbursement fees in addition to rent.
- Favorable unit mix: 75% are two- or three-bedroom units with washer/dryer hookups.
Property Details for 615 Osceola Rd
- Property type
- Apartment buildings
- Square Feet
- 14,411 SF
- Year Renovated
- 2021
- Buildings
- 8
- Stories
- 1
- Lot Size (sq. ft)
- 71,874 SF
- Units
- 16
Location Insight
- City
- Nokomis
- County
- Sarasota
- State
- Florida
- Latitude
- 27.118622064739
- Longitude
- -82.445891860577
Nearby Similar for Sale
FAQs
- Where is the apartment building located?
- The property is located at 615 Osceola Rd Nokomis, FL.
- What is the asking price?
- The asking price for this property is $3,300,000.
- What are key features of this property?
- This property features: Assumable financing with interest-only payments through September 2027.; Assumable $2.2M non-recourse loan; 5.19% interest-only payments for three years, maturing August 2032.; Extensive property-wide capital improvements completed within the last three years, including interior renovations to 15 of the 16 units.
- How can I contact the broker?
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