4507 123rd St W ct - Apartments FOR SALE


Cortez, FL 34215
$1,200,000 USD
941-923-0535
4507 123rd St W ct, Cortez, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

4507 123rd St W ct
Cortez, FL 34215


OVERVIEW

Rarely does a property in Cortez Village come available especially like this one with so much history and multiple family units for vacation rentals or yearly leases. The "Captain Billy Fulford House," is the first house built in Cortez Fishing Village around 1887, making it the oldest. The main house features three bedrooms, one bath, a sleeping loft with balcony views, large living room, office area, kitchen, and a wrap-around front porch. It has recently been updated to include central air conditioning. (Currently Vacant) The upstairs portion of this large house includes a separate apartment with one bedroom, one bathroom, a living room and a kitchen. There is also some attic space that is accessible through this unit. This apartment has a private entry from the north end of this house. (Currently Vacant) The back apartment "The Garden Apartment" is block construction, and it has two bedrooms, one bathroom, a large living room, washer and dryer, and a renovated full kitchen. The main house is connected to the garden apartment by a breezeway that is fully enclosed. (This is the only unit currently leased on a month to month.) The owner has completed a number of updates to this house and these two units such as a new roof, restoration to the front porch, and installing central air and heat along with the other updates included in this description. Location! Location! Location! It is less than a block away to the bay and a public dock. The Nathan Fulford property is only one mile from the beautiful beaches of Anna Maria Island and Holmes Beach. Within walking distance from countless water-front restaurants, bars, and shops. Cortez is the last still operative fishing villages in Florida, and this house has been featured in The Historical Walking Tour as well as Ben Greene's novel, The Finest Kind. Property is being split into two lots. The property that is for sale (south end) includes the house with 2 units along with the garden apartment that is connected by a breezeway. The approx. lot dimensions but may not be exact will include 95' on the west end, 164' on the north side, 164' on the north side and 95' on the east end. Seller is open to selling the entire property to make it +/- 31,350 sf at an additional price.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

3

PRICE/UNIT

$400,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cortez Village Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

RSF-6

APN/PARCEL ID

76907-0000-5

ASK ABOUT THIS PROPERTY

Adam DoakAmerican Property Group of Sarasota, Inc.More Info
941-923-0535

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Adam DoakAmerican Property Group of Sarasota, Inc.More Info
941-923-0535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.