This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
501 Venice Ave W
Venice, FL 34285
Rare 10% CAP Rate Offering! · Multifamily Property For Sale · 13 Units
PROPERTY FACTS
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Oven
- Grill
- Smoke Free
Site Amenities
- Business Center
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Community-Wide WiFi
About 501 Venice Ave W , Venice, FL 34285
Venice Beach Villas is an owner manager/operated twenty-three-unit hotel, located on two parcels of land, within a five-minute walk of each other, "on the Island" in Venice Florida. The first parcel is located directly on the Downtown Venice “main strip” of Venice Avenue, just west of all the popular retail destinations and just three blocks east of the luxurious sand on Venice Beach! The second parcel is located just a five-minute walk south of the Venice Avenue location, and features ten total units, in four masonry/concrete block construction buildings. The location is within two blocks west of downtown Venice, and just three blocks east of Venice Beach. All said,the offering is a tremendous opportunity to acquire an established hotel asset with strong upside, in a high demand vacation market with very limited competition. The property has consistently generated $850,000 in gross annual income over the last 4 years; with a strategic marketing campaign, modest cosmetic upgrades, and minor adjustments to the management structure, a 10% annual increase in sales is extremely attainable!
Links
PROPERTY TAXES
Parcel Number | 0176-08-0002 | Improvements Assessment | $922,200 |
Land Assessment | $780,000 | Total Assessment | $1,702,200 |
PROPERTY TAXES
zoning
Zoning Code | RMF-4 |
RMF-4 |
Learn More About Investing in Apartment Buildings
Listing ID: 13750167
Date on Market: 9/10/2018
Last Updated:
Address: 501 Venice Ave W, Venice, FL 34285
The Multifamily Property at 501 Venice Ave W, Venice, FL 34285 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.