605 Osceola Rd | Nokomis, FL 34275
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- LoopNet Team
605 Osceola Rd
Nokomis, FL 34275
Legacy Trail Apartments · Multifamily Property For Sale · 16 Units
Investment Highlights
- Attractive ASSUMABLE FINANCING w/ Interest-Only Payments at 5.19% for 3-Years | $2.2M Non-Recourse Loan (See OM for Details)
- Nearly All Units Paying Monthly Utility Reimbursement Fees on Top of Rent | Favorable Unit Mix with Washer/Dryer Hookups
- Rock-Solid Concrete Block Construction with Sturdy Metal Roofs on 6 Buildings | 8-Mins from the NEW Sarasota Memorial Hospital-Venice
- Massive Property-Wide Capital Improvements Completed in Last 3-Years, Including Interior Renovations to 15 of the 16-Units
- +8% Cash-on-Cash Return w/ Loan Assumption | CAP Rate INCLUDES RE Tax Increase After Sale, Reserves, Vacancy & True Expenses (See OM)
- Prime Location just steps from the Legacy Trail, and Minutes from Downtown Venice, Nokomis Beach, Venice Beach & Casey Key
PROPERTY FACTS
| No. Units | 16 | Building Size | 12,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1979/2022 |
| Building Class | C | Parking Ratio | 2.67/1,000 SF |
| Lot Size | 1.65 AC |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.65 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2022 |
| Parking Ratio | 2.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Tile Floors
- Granite Countertops
- Stainless Steel Appliances
- Garden
- Porch
- Vinyl Flooring
Site Amenities
- Courtyard
- Picnic Area
- Grill
- Pet Play Area
- Trash Pickup - Door to Door
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
PROPERTY TAXES
| Parcel Number | 0405-12-0002 | Improvements Assessment | $1,174,400 |
| Land Assessment | $279,700 | Total Assessment | $1,454,100 |
PROPERTY TAXES
Parcel Number
0405-12-0002
Land Assessment
$279,700
Improvements Assessment
$1,174,400
Total Assessment
$1,454,100
zoning
| Zoning Code | RMF-1 (Multifamily) |
| RMF-1 (Multifamily) |
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