Real Estate Companies Venice, FL

INVESTMENT OPPORTUNITY WITH MULTI-UNIT INCOME POTENTIAL! This unique multi-family property offers an excellent opportunity for an investor, owner-occupant, or someone looking to expand an income-producing property. The property sits on approximately 0.42 acres and is classified as multi-family with 3–9 units, providing potential for additional development. The front building features multiple living spaces, including two upper-level units with soaring ceilings, large picture windows, spacious living areas, and wraparound porches. The lower level offers additional bedroom and bath accommodations with generous living space. Ample parking is available throughout the property, including the carport and driveway areas. At the rear of the property is a detached 2-car garage with an attached 1-bedroom, 1-bath apartment-style unit and a fenced area. Adding even more income potential, the property includes an RV pad with full hookups for electric, water, and sewer. The current owner has an RV on the pad that is rented, providing an additional income stream. According to the property record, the existing improvements total approximately 3,276 square feet of living area, with 5 bedrooms and 5 baths, plus additional enclosed and open porch areas. The property is zoned RDD-4.5 and the county records identify the land use as multi-family (3 to 9 units). The location puts you close to Sarasota-Bradenton International Airport, New College of Florida, University of South Florida Sarasota-Manatee, State College of Florida, restaurants, shopping, public transportation, and the beautiful beaches of the Sarasota-Bradenton area. IMPORTANT DISCLOSURE: It has been reported that portions of the third floor, including the third-floor bathroom and sleeping/loft areas, may not meet current Florida building code requirements. Buyers should conduct their own independent due diligence and have a qualified professional verify the condition, permitting, and code compliance of these areas before submitting an offer. Property is being sold subject to buyer inspection and due diligence. Bring your vision and explore the income and development possibilities this property has to offer!

Property Details

Property Features
MLS ID:	MFRN6145938	Year Built:	1988
Appliances:	Dishwasher, Disposal, Range, Refrigerator	Construction Materials:	Other, Frame
Cooling:	Central Air	Country:	US
County Or Parish:	Manatee	Exterior Features:	Balcony
Financial Data Source:	Owner	Flooring:	Carpet, Ceramic Tile, Tile, Vinyl
Foundation Details:	Other, Slab	Furnished:	Unfurnished
Heating:	Central	Laundry Features:	Inside
Lease Term:	6-12 Month	Levels:	Multi/Split
Listing Agreement:	Exclusive Right To Sell	Listing Terms:	Cash, Other
Lot Features:	In County, Level, Oversized Lot, Paved	Occupant Type:	Tenant
Other Structures:	Finished RV Port	Parking Features:	Common, Covered, Driveway
Patio And Porch Features:	Covered, Deck, Front Porch, Rear Porch, Screened, Wrap Around	Pets Allowed:	Cats OK, Dogs OK
Possession:	Close Of Escrow	Property Condition:	Completed
Property Sub Type:	Quadruplex	Property Type:	Residential Income
Road Responsibility:	Public Maintained Road	Road Surface Type:	Paved
Roof:	Shingle	Security Features:	Smoke Detector(s)
Sewer:	Public Sewer	Showing Requirements:	Appointment Only, Listing Agent Must Accompany, No Lockbox, See Remarks
Special Listing Conditions:	None	Standard Status:	Active
State Or Province:	FL	Utilities:	Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
View:	Trees/Woods	Water Source:	Public
Window Features:	Skylight(s)

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