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210 Albee Road W, Nokomis, FL 34275

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For Sale

$849,000

4,608 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $184.24
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This rare six-unit multifamily property offers a compelling value-add investment in the highly sought-after Nokomis Venice corridor, just off U.S. 41 (Tamiami Trail) one of the region s busiest commercial and residential corridors. The property includes two concrete-block buildings on a 14,130 sq. ft. lot, featuring two 2BD/2BA units, two 2BD/1BA units, and two studios under flexible RMF-3 zoning. Recent capital improvements new roofs, multiple AC systems, renovated kitchens, and connection to public water and sewer (2022) minimize near-term expenses and position the property for immediate income growth. Current rents are approximately $200 below market, with occupancy at 33%, offering significant upside potential. Durable construction with in-unit laundry, patios/balconies, and central AC ensures long-term tenant appeal. The property s prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, attracting a broad rental audience. Notably, only one of the two buildings has been fully renovated, leaving additional upside through renovations in the second building. This investment represents a rare coastal multifamily opportunity in a supply-constrained, high-demand market, providing both near-term income upside and long-term appreciation potential.
MLS# A4673788

Courtesy Of Harry E. Robbins Assoc. Inc

(941) 924-8346

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Concrete
  • Lot Size
    0.32 Acres

Map and Directions

Directions to 210 Albee Road W, Nokomis, FL 34275

Home seller CENTURY 21 Schmidt Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Schmidt Real Estate

(941) 485-0021
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.