Updated Condo Near Venice
259 FENWICK DRIVE 40 Venice, FL 34285
259 FENWICK DRIVE 40, Venice, FL, 34285
$150,000
Pending
For Sale
$150,000
Pending
Updated 2-bedroom condo near Venice Beach with community pool.
Property Size1,004 SF
Lot Size2.93 Acres
Days on Market554
Property Features for 259 FENWICK DRIVE 40
General Information
- Standard status
- Pending
- Size
- 1,004 SF
- Lot size
- 2.93 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1982
Listing agency
CENTURY 21 SCHMIDT REAL ESTATE
(908) 692-5062
Listed by
Christine Appice · License #3532553
(908) 692-5062
Source
Exitrealty
Added: Jan 13, 2025 Updated: Jul 10 at 1:06PM Checked: Jul 21 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 SCHMIDT REAL ESTATE
Investment Insights
Based on property information with market context.
This updated condo features 2 bedrooms and 2 bathrooms. The property is located minutes from Venice Beach and downtown Venice. It offers views overlooking a pond from the second floor. Community amenities include covered assigned parking and a pool. The building has a newly installed roof. The property size is 1004 square feet.
Key Highlights
- Prime location: Minutes from Venice Beach and downtown Venice
- Breathtaking views overlooking a glorious Pond
- Updated 2‑bedroom, 2‑bathroom condo
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.6k | $18.48 |
| − Vacancy | −$1.9k | −$1.92 |
| EGI | $16.6k | $16.56 |
| − OpEx | −$7.5k | −$7.45 |
| NOI | $9.1k | $9.11 |
1,004 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$130.6K
$114.3K – $152.4K
NOI $9,143 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.3K
$249.7K – $332.9K
NOI $19,974 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated 2-bedroom condo near Venice Beach with community pool.
Where is this residential income property located?
The property is located at 259 FENWICK DRIVE 40 Venice, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Prime location: Minutes from Venice Beach and downtown Venice; Breathtaking views overlooking a glorious Pond; Updated 2‑bedroom, 2‑bathroom condo
