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102 Palmetto Rd East
Nokomis, FL 34275
Bay Point Apartments · Multifamily Property For Sale
·
13 Units
Investment Highlights
- 13-Unit Single Story Concrete Block Multifamily Property with Ability to Convert a 1Bdr Unit Back into Two Studio Units
- Significant Value-Add with $255+ in Average Monthly Rental
- Current Average Base Market Rent: $1,131
- The Property Recently Went Through a Heavy Exterior Renovation: New Roof, Electrical, Landscaping, Fresh Paint, and Repaved & Restriped Parking Lot
- Current Average Lease Rent: $1,107
- Pro Forma Average Rent: $1,362
Property Facts
| No. Units | 13 | Lot Size | 0.82 AC |
| Property Type | Multifamily | Building Size | 6,535 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1958 |
| Zoning | RMF2 - Residential Multi-Family, indicating areas where multiple dwelling units can be built on a single property | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 6,535 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Zoning | RMF2 - Residential Multi-Family, indicating areas where multiple dwelling units can be built on a single property |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 360 - 470 |
| 1+1 | 4 | - | 505 |
Property Taxes
| Parcel Number | 0172-01-0024 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $921,944 |
Property Taxes
Parcel Number
0172-01-0024
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$921,944
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