5 Units, Successful Vacation Rental Destination w/ Upside!
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF Inquire
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 3,541
Date Available 05/23/2019
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Floors 1
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Located in Nokomis, FL, one of Sarasota County's main destinations for vacationing families and visitors alike, this location provides ample access to Nokomis Beach and Casey Key, literally minutes away. Just a short drive to the world famous Siesta Key Beach, as well as shopping, dining, and entertainment galore! Nicely between Laurel Rd. West and Albee Rd. West. w/ access to US41 and Tamiami Trail.

Wow! What an amazing opportunity to own this immaculately maintained, very well-managed and ever so popular vacation rental destination in the heart of Nokomis, FL! Situated on almost 1 acre of land and completely fenced in, this private, resort-like paradise offers 5 rentable units including 2 duplexes and 1 stand-alone residence with plenty of upside potential. Excellent NOI based on 4 of the units being rented to vacationers almost year-round, with upside potential to rent out the 5th unit that was previously occupied by the Owners. An additional +/-11,200sf (0.26ac mol) of vacant land opens the door for further expansion and development of another stand-alone residence or possibly a Duplex, driving up earning potential even higher!

The sky is truly the limit with this gem of a property! Let your imagination run wild and utilize this property for a variety of different uses including annual rentals, seasonal rentals or continue operating as-is. Currently, this property is utilized as an Airbnb Vacation destination with everything an Owner would need to continue operating it as such. This place has it all! Features include recently updated/renovated private units that are turn-key finished, a new, heated saltwater community pool, bikes, beach chairs, gas grills and more!

Take advantage of this excellent opportunity to own your own slice of paradise while reaping the benefits of rental income with tons of room for increased cash flow.