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.
Property Features
Utilities
Cable Available
Cable Connected
Electricity Connected
Cooling Information
Central Air
Heating Information
Central
Water Features
Public
School Information
School Information for 210 ALBEE E ROAD, NOKOMIS, FL 34275
Elementary School
Laurel Nokomis Elementary
Middle School
N/A
High School
Venice Senior High
Listing Courtesy: HARRY ROBBINS ASSOC INC - 941-924-8346