Affordable Housing Investment Opportunity! Unlock the potential of this low-income apartment complex, designed to provide stable rental income while serving the community’s housing needs. The property offers 9 units with strong occupancy history and reliable tenant demand. Ideal for investors seeking a socially responsible opportunity with consistent cash flow. Keep it as apartments or change it to a business use....the possibilities are endless with Commercial General zoning grandfathered in as multi-family. With 100’ frontage on US 41 in Venice and located directly across from Lowe's and Carrabba’s, this property also offers redevelopment opportunities. This former motel complex features a main house (ideal for owner occupancy) and two 4-unit buildings. Just under 1/2 acre and not in a flood zone. Listing agent is owner. Don’t miss this change to invest in a property that blends financial opportunity with social impact!
MLS # | N6138081 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | For-sale |
Status | Active |
Year | 1956 |
Days On Site | 109 |
Listing Provided By | FLORIDA SUN & SAND REALTY | Shawn Judy |
SQ Feet | 2,668 |
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Story(s) | 1 |
Zoning | CG |
Acreage | 0.44 |
State | FL |
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County | Sarasota |
City | VENICE |
Zip Code | 34293 |
Area | 34293 Venice |
Community Name | ACREAGE & UNREC |
Listing VS Median (in ACREAGE & UNREC) | |
Price: $995,000 low | high Med: $599,450 SqFt: 2,668 low | high Med: 1,736 $ / SqFt: $373 low | high Med: $347 On site: 109 low | high Med: 167.000000 |