601 Shore RdNokomis, FL 34275

Property Details for 601 Shore Rd

Year built

1945

Lot size

0.93 AC

Property size (Sq ft)

3,961 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of five rental units in Nokomis, Florida, totaling 3,961 square feet across three buildings situated on a 0.93-acre lot. The property, zoned RMF1, includes two duplexes and one single-family home, offering a diverse mix of rental options. The units range in size from a cozy 1-bedroom, 1-bathroom to larger 3-bedroom, 3-bathroom configurations, currently generating a substantial net operating income (NOI) of $122,231, representing a 5.82% cap rate. The asking price is $2,100,000, or $420,000 per unit. Built between 1945 and 1990, the property features an on-site shared pool (currently shared with an adjacent property) and an off-street parking lot. Conveniently located near Nokomis Public Beach (2-5 minute drive), north of Albee Rd and west of the Trail, this property benefits from a prime location. The property is actively listed on Airbnb and the owner's website, providing a streamlined booking process. One vacant lot (11,200 sq ft) offers potential for future development. Detailed financial information is available upon request with a signed NDA. This is a turnkey investment ready for immediate income generation. Schedule a showing to explore this lucrative opportunity.

Location Insight

City

Nokomis

County

Sarasota

State

Florida

Latitude

27.1318

Longitude

-82.4661

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