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2242-2242 Park Rd 5 Unit Apartment Building $1,270,000 ($254,000/Unit) 8.98% Cap Rate Venice, FL 34293
Investment Highlights
- Located in a sought-after Venice neighborhood
- Quick access to shopping, dining, and medical care
- Convenient turn-in via Grove Road and Park Road
- Just minutes from the pristine Gulf beaches
Executive Summary
This unique opportunity includes four fully rented properties under single ownership, offered as a combo sale. The buildings are adjacent and can be treated as a multifamily asset with combined bedroom, bathroom, and square footage totals.
Included Properties (by Tax ID):
#0450100019 – 2214 Park Rd, Venice, FL 34293
#0450100020 – 2212 Park Rd, Venice, FL 34293
#0450100021 – 2210 Park Rd #A (rear unit), Venice, FL 34293
#0450100022 – 2210 Park Rd #B (front unit), Venice, FL 34293
Included Properties (by Tax ID):
#0450100019 – 2214 Park Rd, Venice, FL 34293
#0450100020 – 2212 Park Rd, Venice, FL 34293
#0450100021 – 2210 Park Rd #A (rear unit), Venice, FL 34293
#0450100022 – 2210 Park Rd #B (front unit), Venice, FL 34293
Property Facts
| Price | $1,270,000 | Apartment Style | Garden |
| Price Per Unit | $254,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.67 AC |
| Cap Rate | 8.98% | Building Size | 5,374 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | ||
| Zoning | RSF3 - Residential Single-Family - Small Lot | ||
| Price | $1,270,000 |
| Price Per Unit | $254,000 |
| Sale Type | Investment |
| Cap Rate | 8.98% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 5,374 SF |
| No. Stories | 2 |
| Year Built | 1976 |
| Zoning | RSF3 - Residential Single-Family - Small Lot |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- High Speed Internet Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,500 | - |
| 2+2 | 1 | $2,200 | - |
| 3+2 | 2 | $2,200 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $277,200 | |
| Land Assessment | $52,600 | Total Assessment | $691,949 |
Property Taxes
Parcel Numbers
Land Assessment
$52,600
Improvements Assessment
$277,200
Total Assessment
$691,949
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2242-2242 Park Rd
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