5 Beds
4 Baths
1,746 SqFt
5 Beds
4 Baths
1,746 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,746 sqft
Price per Sqft $231
Subdivision Venice Gardens
MLS Listing ID A4660416
Bedrooms 5
HOA Y/N No
Year Built 1972
Annual Tax Amount $4,353
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 93x110
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Turnkey investment opportunity with strong returns in one of Venice's most desirable rental pockets. This income-producing duplex in Venice Gardens offers a 9.0% cap rate, no rental restrictions, and long-term tenants already in place, making it a rare low-maintenance cash-flow property in today's market. The property generates $41,400 in annual gross income, with an estimated net operating income of $39,780 and annual expenses of only $1,620, a high-performing asset built for investors looking for immediate, reliable returns from day one.Built with durable block construction and situated on a corner lot outside the flood zone, this duplex offers both long-term stability and peace of mind. Each unit has separately metered utilities, and recent interior updates help support tenant retention and minimize future maintenance costs.
One unit features 3 bedrooms and 1.5 baths, while the second unit offers 2 bedrooms and 1.5 baths, providing strong rental flexibility and upside for future value-add strategies. Whether you're looking to expand your rental portfolio or explore owner-occupancy while building equity, this property checks all the boxes. Income properties like this rarely come available, act fast.
Location
State FL
County Sarasota
Community Venice Gardens
Area 34293 - Venice
Zoning RMF1
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Appliance Range, Refrigerator
Laundry Corridor Access, Inside
Exterior
Exterior Feature Private Mailbox
Utilities Available BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Shingle
Porch Covered, Rear Porch, Screened
Garage false
Private Pool No
Building
Lot Description Corner Lot
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Schools
Elementary Schools Garden Elementary
Middle Schools Venice Area Middle
High Schools Venice Senior High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4660416
Nearby Locations
GET MORE INFORMATION
Team Leader | Lic# SL0681592