Unmatched Island Investment Opportunity – Steps from Venice Beach & Downtown NO FLOOD ZONE - NO FLOOD DAMAGE - NEVER SEEN A LICK OF WATER - RARE OPPORTUNITY - ZONED RMF4 Welcome to 701 W Venice Avenue—an exceptional multifamily property ideally located just one block from Venice Beach and a short stroll to historic downtown Venice. Rarely does a location offer this level of convenience, charm, and income potential in the heart of Venice Island. Situated on a prime beach-side corner lot, this updated and well-maintained fourplex offers four private-entry units, each with separate water and electric meters. Unit Breakdown: • Unit A – 2 bedrooms, 2 baths, approx. 1,129 SF • Unit B – 2 bedrooms, 2 baths, approx. 1,578 SF • Unit C (Owner’s Unit) – 4 bedrooms, 2.5 baths, approx. 3,013 SF • Unit D – 2 bedrooms, 2 baths, approx. 1,578 SF All units feature: • Porcelain tile flooring • In-unit washers and dryers • Private entrances and screened outdoor living spaces (lanai or balcony) Unit C stands out as the owner’s residence or premium rental, offering expansive living areas, a large screened lanai, level 3 granite countertops, and premium finishes throughout—truly lives like a single-family home. Property Highlights: • Zoned for daily, weekly, monthly, or annual rentals – full flexibility to maximize income • New roof (2024), updated electrical panels, and three newer HVAC systems • Hurricane shutters, enclosures, and private outdoor spaces for each unit • Electric security gate leading to pavered parking for up to 7 vehicles, including covered spaces • Professionally landscaped grounds with well-fed irrigation – no water cost for landscaping To ensure peace of mind, the entire property has been professionally inspected by Peace of Mind Home Inspections, a trusted local company with over 30 years in business. The comprehensive inspection (valued at $2,000) has already been completed and paid for—offering transparency and confidence to any savvy investor. Prime Beachside Corner Lot Zoned for Short-Term Rentals Turnkey, Fully Inspected Income Asset This is truly one of the most desirable and versatile multifamily properties on Venice Island. Whether you’re seeking a live-and-lease lifestyle or looking to generate high-income returns, 701 W Venice Avenue delivers unmatched value, luxury, and location. Don’t miss your chance to own this rare, income-ready gem just steps from the sand.
Property Details
Property Features Property Features
MLS ID: MFRA4653742 Year Built: 1980
Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer Construction Materials: Concrete, Stucco
Cooling: Central Air Country: US
County Or Parish: Sarasota Exterior Features: Hurricane Shutters, Lighting, Sliding Doors, Storage
Fireplace Features: Wood Burning Flooring: Carpet, Ceramic Tile, Tile
Foundation Details: Slab Heating: Central, Electric
Laundry Features: Inside, Laundry Room Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Lot Features: Corner Lot
Occupant Type: Tenant Other Structures: Shed(s)
Parking Features: Assigned, Golf Cart Parking Patio And Porch Features: Covered, Patio, Screened
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Quadruplex Property Type: Residential Income
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt
Roof: Membrane Security Features: Security Gate
Sewer: Public Sewer Showing Requirements: 24 Hour Notice, Appointment Only, Call Listing Agent, See Remarks, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Tenant Pays: Electricity, Sewer, Trash Collection, Water
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected Water Source: Public
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