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509 Shore Rd
For Sale $3,800,000 ($581.93 per Sq Ft)
$3,800,000 ($581.93 per Sq Ft)
- 8 Units
- 6,530 Sq Ft
- 62,142 Sq Ft
- Unknown Cap Rate
Description
This is a package deal. Located at the core of Nokomis, FL, on 509 Shore Rd, this distinctive investment bundle offers an exceptional chance to merge comfort, elegance, and the ability to generate income, all a stone's throw away from the enticing Nokomis Beach. Envision owning a set of 5 structures, which include 3 delightful duplexes and 2 independent single-family residences, all reflecting the charm of Florida's architectural beauty and way of life. This estate provides not just a living space, but a passageway to a lifestyle many covet and a golden opportunity for any investor. No flooding from recent storm! Minor damage to car port and fencing due to high winds.
For those with a vision for value and an eye for potential, the included vacant lot opens the door to endless possibilities. Whether you're contemplating expanding your real estate portfolio or dreaming up your next luxury build, this spot offers the perfect canvas.
The shared pool is a serene oasis that promises relaxation and leisure, a focal point where tenants can unwind in the warmth of the Florida sun. Off-street parking adds an extra layer of convenience, ensuring ease of access for you and your guests.
But let's talk numbers: with a track record of generating over $23,500 in gross income monthly, these properties stand out as a powerhouse in the realm of Airbnb and rental investments. Its ability to consistently perform in the rental market speaks volumes of its appeal to both short-term vacationers and long-term residents alike.
Don't miss out on this exceptional opportunity to own a piece of Florida's paradise, paired with a proven, substantial income stream. Let 509 Shore Rd be your next smart investment and your portal to the exquisite Nokomis lifestyle.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,800,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,530 |
| Number of Stories | 0 stories |
| Parking Spots | 2 spots |
| Year Built | 1978 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0168160031 |
| MLS # | A4610605 |
| Property ID | 319866373 |
| Lot Sqft | 62,142 |
| Zoning | RMF1 |
| Total Units | 8 |
| Days on Market | 579 |
| Original List Price | $3,800,000 |
| Date Updated | November 08, 2024 |
| Date Created | May 17, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Isaiah Miller an agent of HARRY ROBBINS ASSOC INC. Lic #3598086
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of November 08, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
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