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Key Details
Sold Price $615,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,545 sqft
Price per Sqft $241
Subdivision Nokomis Heights
MLS Listing ID N6125783
Sold Date 05/01/23
Bedrooms 4
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1976
Annual Tax Amount $4,889
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Multiple offers. This is a 4plex with an additional 4plex right next to it. Owner owns both and each 4plex is $625,000. Price reflects any deferred maintenance and is priced for immediate sale. Currently one unit is left vacant for showings. Properties are on a well but county water can be connected as it is there. The current rents have not been updated in a long time and the rental income figures are based on rental property managers quoting a min of 1200 per month per unit and not the current income. Expected net income figure is after property taxes only. The 4plex next door is 127 Avenida De Bahia and the MLS # is: N6125784. By both for a total of 8 units at $1,250,000. There are only 3 existing leases remaining over all 8 units as the rest are month to month. Please be discreet when looking at the property and please do not disturb tenants. Septic tank replaced 8/2017. Six of the 8 central air conditioners were replaced in 2018 and 2019.
Location
State FL
County Sarasota
Community Nokomis Heights
Zoning RMF3
Interior
Interior Features Ceiling Fans(s), Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry None
Exterior
Exterior Feature Sidewalk
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Structure Type Block, Stucco
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with BEYOND REALTY LLC
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