This Multifamily Property is no longer advertised on LoopNet.com.

119 Tamiami Trl N
Nokomis, FL 34275
Multifamily Property For Sale · 23 Units

Investment Highlights

  • Potential Apartment Conversion Opportunity w/ Kitchenettes in Select Units & Full Kitchen in 2 BD / 1.5 BA Unit
  • Rock-Solid Masonry Construction w/ Updated PVC Plumbing Throughout (2016) | Extensive Interior / Exterior Property Improvements Completed 2016/2019
  • Large Space on NW Portion of the Parcel for Additional Parking and/or Common Area Amenities
  • Massive Value-Add Opportunity Consisting of 23-Units, in 5 Buildings, on 1 Parcel Totaling 1.21 Acres
  • Acquired for Conversion into a Mental Health Facility, Currently Running as a Very Limited Operation Motel; Mostly w/ Extended-Stay Guests
  • Ideally Positioned Within 3-Minutes of Nokomis Public Beach & NOT in a Flood Zone (Zone X) | Highly Favorable Commercial General (CG) Zoning

Property Facts

No. Units 23
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 1.21 AC
Building Size 8,376 SF
No. Stories 1
Year Built/Renovated 1957/2019
Parking Ratio 2.51/1,000 SF
Zoning CG - CG - Commercial General

Amenities

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Picnic Area
  • Pool
  • Cabana
  • Furnished Units Available
  • Community-Wide WiFi
  • Sundeck

Property Taxes

Property Taxes

Parcel Number
0171-10-0024
Land Assessment
$871,600
Improvements Assessment
$923,700
Total Assessment
$1,795,300
  • Listing ID: 31753145

  • Date on Market: 5/9/2024

  • Last Updated:

  • Address: 119 Tamiami Trl N, Nokomis, FL 34275

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