$2,000,000
$2,300,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
1400 THE RIALTO Venice, FL 34285
2,634 SqFt
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,634 sqft
Price per Sqft $759
Subdivision Beach Manor
MLS Listing ID A4517503
Sold Date 04/11/22
Construction Status No Contingency
HOA Y/N No
Year Built 1958
Annual Tax Amount $5,936
Lot Size 0.300 Acres
Acres 0.3
Property Description
Venice Island Investment Opportunity! Meticulously maintained 12-unit apartment complex on the Island of Venice with additional vacant lot (which makes the entire property just under 1 acre). Just a few blocks to the beaches and close to the historic downtown Venice shopping district. 3 buildings are comprised of ten 1 BR/1 BA units and two studio/efficiency units. Six of the units are recently updated and come turn-key furnished (four of which have brand new HVAC split units) - short-term leases in place through March 2022. Six remaining units (three of which have recently been updated) are on month-to-month leases. Laundry facility & storage on-site. Patios and outdoor areas for sunbathing and relaxation. Plenty of off-street parking available for tenants. Fully occupied. No vacancies. The vacant lot is 0.24 acres and zoned RMF4/Residential multi-family (up to 18 units/acre). Great location! Call today for more details!
Location
State FL
County Sarasota
Community Beach Manor
Zoning RMF4
Interior
Interior Features Kitchen/Family Room Combo
Heating None
Cooling Wall/Window Unit(s)
Furnishings Partially
Fireplace false
Appliance Electric Water Heater, Microwave, Range, Refrigerator
Laundry Other
Exterior
Exterior Feature Fence
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Built-Up
Porch Front Porch
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Schools
Elementary Schools Venice Elementary
Middle Schools Venice Area Middle
High Schools Venice Senior High
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with THE RENTAL COMPANY OF VENICE