401 COLONIA LANE E, NOKOMIS, FL 34275
SOLD PRICE: (?)
$606,000
Multi-Family Home 11,518 Square Feet Taxes: $7,814.00 Built in 1925 Type: Multi-Family MLS # A4404528
Property Photo

Description of 401 COLONIA LANE E, NOKOMIS, FL 34275

The The Legacy Trail Apartments located in Nokomis, FL were built in 1925 of masonry construction. Located two miles from Nokomis Beach and 100 feet from the Legacy Trail, this unique opportunity is available with huge upside potential with only 38% occupancy. The current configuration on the first floor is of nine 1 bedroom/ 1 bathroom apartments. The second floor configuration is more of boarding house / dormitory style comprised of 11 studios, 6 rooms and 4 shared bathrooms. Numerous option to choose from. Keep the current configuration and rent out the upstairs for immediate cash flow or renovate and re-configure the upstairs into larger units and command a stronger rent. SELLER FINANCING AVAILABLE TO QUALIFIED BUYER.

Directions to 401 COLONIA LANE E, NOKOMIS, FL 34275

Head south on Tamiami Trail from Sarasota. Turn left onto Colonia Ln E. Arrive at 401 Colonia Ln E.

Features of 401 COLONIA LANE E, NOKOMIS, FL 34275

Heating/Cooling

  • Propane heat
  • Window unit air conditioner

Exterior

  • Balcony
  • Block exterior

Lot

  • Lot acreage is: 0.66
  • Lot dimension is: 137x237
  • Lot zoned: RSF3
  • Subdivision: VENICE HOMESITE CO

Construction

  • Total square feet: 11518.00
  • Units in building(s): 1

Other

  • Tax year: 2017