For Sale
$625,000

12210 Genoa DrNorth Port, FL 34287

Four-unit apartment building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a four-unit Class A apartment building located at 12210 Genoa Drive, North Port, FL 34287. The property boasts 2,550 square feet on a 0.19-acre lot (APN: 0770150026) and is zoned RMF1. Built in 1968, this fee-simple owned building offers a compelling 10.00% cap rate and is priced at $625,000 ($245 per square foot). Three of the four units are currently rented, providing immediate income potential. The property's prime location in North Port offers easy access to area amenities, including beaches, marinas, golf courses, shopping, dining, and parks. The absence of HOA or CDD fees further enhances its investment appeal. Low property taxes contribute to a strong return on investment. This is a rare opportunity to acquire a well-maintained multifamily property in a thriving Florida community. The property's strong rental history and desirable location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

Property Details for 12210 Genoa Dr

Property type
Apartment buildings
Square Feet
2,550 SF
Class
A
Year Built
1968
Lot Size (sq. ft)
8,276 SF
Units
4

Location Insight

City
North Port
County
Sarasota
State
Florida
Latitude
27.0496432
Longitude
-82.2601778
12210 Genoa Dr, North Port, Florida

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12210 Genoa Dr
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