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210 ALBEE ROAD E

Multi-family For Sale
$849,000

BTC: 28.30000000

ETH: 424.50000000

New
0 room(s)
4,608 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • NOKOMIS • 34275 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
0.32 Acres
Heating:
Central
Price/sqft:
$184
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Solid Surface Counters

    • Thermostat

  • Property

    • Exterior Features: Lighting / Sidewalk

    Lot

    • Lot: 0.32 Acres

    Other Property Information

    • Parcel Number: 0171100011

    • Zoning: RMF3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Cable Connected

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $8,751

  • Source details

    • MLS ID: A4673788

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Living Area: 4608

    • Water Source: Public

    • Subdivision Name: NOKOMIS

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: HARRY ROBBINS ASSOC INC