601 Shore Rd Nokomis, FL 34275
- Residential income homes
- 3,961 SF
- 0.93 lot acres
Current Use by Public Records
- The Shore Beach Houses / Resort Hotel
Property Details for 601 Shore Rd
- Year built
- 1945
- Lot size
- 0.93 lot acres
- Property size
- 3,961 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of five rental units in Nokomis, Florida, totaling 3,961 square feet across three buildings situated on a 0.93-acre lot. The property, zoned RMF1, includes two duplexes and one single-family home, offering a diverse mix of rental options. The units range in size from a cozy 1-bedroom, 1-bathroom to larger 3-bedroom, 3-bathroom configurations, currently generating a substantial net operating income (NOI) of $122,231, representing a 5.82% cap rate. The asking price is $2,100,000, or $420,000 per unit. Built between 1945 and 1990, the property features an on-site shared pool (currently shared with an adjacent property) and an off-street parking lot. Conveniently located near Nokomis Public Beach (2-5 minute drive), north of Albee Rd and west of the Trail, this property benefits from a prime location. The property is actively listed on Airbnb and the owner's website, providing a streamlined booking process. One vacant lot (11,200 sq ft) offers potential for future development. Detailed financial information is available upon request with a signed NDA. This is a turnkey investment ready for immediate income generation. Schedule a showing to explore this lucrative opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nokomis
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4660596
- Latitude
- 27.1318175
