Two-Unit Duplex with Private
234 /236 Colonia Ln E Nokomis, FL 34275
New
234 /236 Colonia Ln E, Nokomis, FL, 34275
$360,000
For Sale
$360,000
Duplex offering a 1BR/1BA unit and a 2BR/2BA unit, each with private entrance and utilities.
Property Size1,449 SF
Price / SF$248.45
Days on Market3
Property Features for 234 /236 Colonia Ln E
General Information
- Standard status
- Active
- Size
- 1,449 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1947
Listing agency
KW COASTAL LIVING III
(941) 894-9888
Listed by
Brandi Furlan · License #3147016
Source
Whitesandsfl
Added: Jul 21 Updated: Jul 22 at 8:27PM Checked: Jul 22 at 8:27PM
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 KW COASTAL LIVING III
Investment Insights
Based on property information with market context.
This two-unit duplex includes one one-bedroom, one-bathroom unit and one two-bedroom, two-bathroom unit. Each unit has a private entrance and its own utilities, providing privacy and straightforward management options. Recent updates include an air conditioning system installed in 2023, water heaters from 2022, and a roof from 2013.
The property is located in Nokomis, Florida, just minutes from Nokomis Beach. The area is also described as being near Legacy Trail and Oscar Scherer State Park.
For day-to-day living and rental flexibility, the existing unit mix supports multiple occupancy preferences while maintaining separate access for each home.
The property is located in Nokomis, Florida, just minutes from Nokomis Beach. The area is also described as being near Legacy Trail and Oscar Scherer State Park.
For day-to-day living and rental flexibility, the existing unit mix supports multiple occupancy preferences while maintaining separate access for each home.
Key Highlights
- Duplex built in 1947 with a 1BR/1BA unit and a 2BR/2BA unit
- Each unit has its own private entrance and separate utilities
- A/C replaced in 2023
Local 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 | $23.5k | $16.20 |
| − Vacancy | −$2.3k | −$1.60 |
| EGI | $21.2k | $14.60 |
| − OpEx | −$6.3k | −$4.38 |
| NOI | $14.8k | $10.22 |
1,449 SF · lease $16.20/SF/yr · vacancy 9.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$211.5K
$185.1K – $246.8K
NOI $14,808 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$188.5K
$165.0K – $219.9K
NOI $13,196 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$411.8K
$360.3K – $480.5K
NOI $28,827 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offering a 1BR/1BA unit and a 2BR/2BA unit, each with private entrance and utilities.
Where is this duplex located?
The property is located at 234 /236 Colonia Ln E Nokomis, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Duplex built in 1947 with a 1BR/1BA unit and a 2BR/2BA unit; Each unit has its own private entrance and separate utilities; A/C replaced in 2023
