$995,000
Active · 3 days on market · MLS# MFRN6138084
| Bedrooms | 0 |
|---|---|
| Living area | 2,668 sq ft |
| Lot size | 0.44 acres |
| Year built | 1956 |
| Property type | Multi-Family |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $8,640 |
| County | Sarasota |
Affordable Housing Investment Opportunity! Unlock the potential of this low-income apartment complex, designed to provide stable rental income while serving the community’s housing needs. The property offers 9 units with strong occupancy history and reliable tenant demand. Ideal for investors seeking a socially responsible opportunity with consistent cash flow. Keep it as apartments or change it to a business use....the possibilities are endless with Commercial General zoning grandfathered in as multi-family. With 100’ frontage on US 41 in Venice and located directly across from Lowe's and Carrabba’s, this property also offers redevelopment opportunities. This former motel complex features a main house (ideal for owner occupancy) and two 4-unit buildings. Just under 1/2 acre and not in a flood zone. Listing agent is owner. Don’t miss this change to invest in a property that blends financial opportunity with social impact!
Listing courtesy of Shawn Judy, FLORIDA SUN & SAND REALTY. Presented by MC Homes Realty Inc · 727432218.