Furnished Quadplex Near
114 NIPPINO W TRAIL Nokomis, FL 34275
For Sale
$619,000
Four furnished units with updated finishes and outdoor decks, porches, or lanai, currently marketed as short-term rentals.
Property Size2,950 SF
Price / SF$209.83
Days on Market736
Property Features for 114 NIPPINO W TRAIL
General Information
- Standard status
- Active
- Size
- 2,950 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1956
Listing Agency:
BLUE LIGHTHOUSE REALTY INC
(855) 550-0528
Listed By:
Jorge Zea · License #3015804
(855) 550-0528
Source:
Exitrealty
Added: Jul 18, 2024
Changed: Jul 22
Last Checked: Jul 23 at 8:34AM
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 BLUE LIGHTHOUSE REALTY INC
Investment Insights
Based on property information with market context.
Nippino Villa is a four-unit quadplex apartment property, offered with all units furnished. Unit A is a furnished studio featuring vinyl plank flooring, new kitchen cabinets, a new shower kit, and an updated vanity, along with a queen bed and flat-screen TV. Unit B offers a one bedroom, one bath layout with new vinyl fencing at the entry and new brick pavers leading into the unit. Unit C includes a screened-in porch and is configured as a one bedroom, one bath with a queen bed and multiple flat-screen TVs. Unit D has been fully renovated as of 2024 and features a private back entry with locked privacy fence gates, a screened-in lanai, in-unit washer and dryer, new vinyl plank flooring, new kitchen cabinets and fixtures, updated shower and vanity, and new paint. The living area includes a large flat-screen TV and a dining area suited for four.
The property is located west of the trail in Nokomis, Florida, on a peninsula between Roberts Bay and Dona Bay. It is described as within walking distance to multiple tiki bars and restaurants, including Captain Eddie’s, Nokomo’s Sunset Hut, Paradise Grill, Dockside Grill, and Pops Sunset Grill.
The property is located west of the trail in Nokomis, Florida, on a peninsula between Roberts Bay and Dona Bay. It is described as within walking distance to multiple tiki bars and restaurants, including Captain Eddie’s, Nokomo’s Sunset Hut, Paradise Grill, Dockside Grill, and Pops Sunset Grill.
Key Highlights
- Quadplex apartment built in 1956 with four furnished units marketed as short‑term rentals
- Unit A studio includes vinyl plank flooring, new kitchen cabinets, new shower kit, updated vanity, and an outdoor wood deck
- Unit D fully renovated in 2024 with private back entry, locked privacy fence gates, screened‑in lanai, and washer/dryer
Financial Insights For Multifamily LT 5
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 | $47.8k | $16.20 |
| − Vacancy | −$4.7k | −$1.60 |
| EGI | $43.1k | $14.60 |
| − OpEx | −$12.9k | −$4.38 |
| NOI | $30.1k | $10.22 |
2,950 SF · lease $16.20/SF/yr · vacancy 9.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$430.7K
$376.9K – $502.5K
NOI $30,148 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$383.8K
$335.8K – $447.8K
NOI $26,865 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$838.4K
$733.6K – $978.2K
NOI $58,689 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sarasota Pressure Washing ...
Landscaping
FAQs
What type of property is this?
Quadplex - Four furnished units with updated finishes and outdoor decks, porches, or lanai, currently marketed as short-term rentals.
Where is this quadplex located?
The property is located at 114 NIPPINO W TRAIL Nokomis, FL.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Quadplex apartment built in 1956 with four furnished units marketed as short‑term rentals; Unit A studio includes vinyl plank flooring, new kitchen cabinets, new shower kit, updated vanity, and an outdoor wood deck; Unit D fully renovated in 2024 with private back entry, locked privacy fence gates, screened‑in lanai, and washer/dryer
