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This rare six-unit multifamily property offers a compelling value-add investment in the highly sought-after Nokomis-Venice corridor, just off U.S. 41 (Tamiami Trail)"”one of the region's busiest commercial and residential corridors. The property includes two concrete-block buildings on a 14,130 sq. ft. lot, featuring two 2BD/2BA units, two 2BD/1BA units, and two studios under flexible RMF-3 zoning. Recent capital improvements"”new roofs, multiple AC systems, renovated kitchens, and connection to public water and sewer (2022)"”minimize near-term expenses and position the property for immediate income growth. Current rents are approximately $200 below market, with occupancy at 33%, offering significant upside potential. Durable construction with in-unit laundry, patios/balconies, and central AC ensures long-term tenant appeal. The property's prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, attracting a broad rental audience. Notably, only one of the two buildings has been fully renovated, leaving additional upside through renovations in the second building. This investment represents a rare coastal multifamily opportunity in a supply-constrained, high-demand market, providing both near-term income upside and long-term appreciation potential.
| DAYS ON MARKET | 1 | LAST UPDATED | 12/8/2025 |
|---|---|---|---|
| TRACT | NOKOMIS | YEAR BUILT | 1972 |
| COMMUNITY | 34275 - Nokomis/North Venice | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Laurel Nokomis Elementary |
|---|---|
| High School | Venice Senior High |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 34275 - Nokomis/North Venice |
| CONSTRUCTION | Concrete |
| EXTERIOR | Lighting |
| HEAT | Central |
| LOT | 0.32 acre(s) |
| SEWER | Public Sewer |
| SUBDIVISION | NOKOMIS |
| TAXES | 8750.9 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Marlin Yoder, HARRY ROBBINS ASSOC INC, 941-924-8346
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/9/25 2:14 AM PST.
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