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Key Details
Sold Price $1,740,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,530 sqft
Price per Sqft $384
Subdivision Bayshore Estates
MLS Listing ID A4610297
Sold Date 07/18/24
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1976
Annual Tax Amount $10,817
Lot Size 9,583 Sqft
Acres 0.22
Property Description
$100k REDUCTION,TAKE ADVANTAGE OF THIS ONCE-IN-A-LIFETIME INVESTMENT OPPORTUNITY! The value is in the property land, and great location, step into island living at its finest with this magnificent quadruplex property located in gorgeous Venice, FL! This 4-unit INVESTMENT property boasts a total of 8 bedrooms and 8 bathrooms, and a communal laundry area making it the perfect investment for those seeking to rent out the units monthly annually, or seasonally. Located just steps away from the stunning Venice Beach and the vibrant downtown Venice area, this property offers endless possibilities for dining, shopping, and entertainment. This property is perfect for in-laws or extended families as well, with numerous upgrades that have been made over the past few years, totaling over $150K (paperwork available upon request). The bulk of these upgrades was for the renovation of Unit 506 in 2017 and the entire gable roof in 2021, plus the replacement of multiple water heaters and AC units, a few windows, etc. The main unit which the owners only lived in seasonally has been completely renovated & updated and also has a widow's walk where you can relax and take in sunsets. With a two-car carport and parking for an additional five cars, this property provides ample parking space for all your guests. And, with its close proximity to downtown Venice (just three blocks away), you'll be in the heart of the action in no time. Don't miss out on this amazing opportunity to own a piece of paradise! Contact us today to view this fantastic property! Rents are under current value and need to be raised.
Location
State FL
County Sarasota
Community Bayshore Estates
Zoning RMF1
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Fireplace true
Laundry Common Area
Exterior
Exterior Feature Other
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco,Vinyl Siding
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with COLDWELL BANKER REALTY