914 Mchill Rd Nokomis, FL 34275
- Residential income homes
- 2,569 SF
- 0.50 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 914 Mchill Rd
- Year built
- 1945
- Lot size
- 0.50 lot acres
- Property size
- 2,569 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of three rental units in desirable Nokomis, Florida. Comprising two buildings on a 0.496-acre lot, this property includes a duplex and a single-family home, totaling 2,569 square feet. The duplex features a 2-bedroom, 2-bathroom unit with 1,328 heated square feet, while the single-family home offers 2 bedrooms and 1 bathroom in 1,241 heated square feet. Built between 1945 and 1990, the property boasts a Class B rating and is zoned RMF1, offering potential for various uses. Currently generating a substantial net operating income (NOI) of $75,863, representing a 4.46% cap rate, this property is priced at $1,700,000 ($566,667 per unit and $661.74 per square foot). Conveniently located near Nokomis Public Beach (2-5 minute drive), the property features driveway parking and a covered carport. A shared private pool is accessible through a back gate. The property is actively listed on Airbnb and includes a website for online bookings, which is included in the sale. Detailed financial information is available upon request with a signed NDA. This is a turnkey investment ready for immediate income generation. The property is located at 914 McHill Rd, Nokomis, FL 34275.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nokomis
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4663689
- Latitude
- 27.1309886
