For Sale
$3,300,000

615 Osceola RdNokomis, FL 34275

Added:
Dec 11, 2024
Days on market:
114

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
615 Osceola Rd, Nokomis, Florida

FAQs

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615 Osceola Rd
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