631-404-6060
605 Osceola Rd, Nokomis, FL for Sale
Apartments - FOR SALE
1/8
null | 6.54% Cap Rate

605 Osceola Rd
Nokomis, FL 34275


HIGHLIGHTS

  • Attractive Assumable Financing w/ Interest-Only Payments Through Sept 2027 (Non-Recourse Loan)
  • Massive Property-Wide Capital Improvements Completed in Last 3-Years, Including Interior Renovations to 15 of the 16-Units
  • Flood Insurance Requirement in Process of Being Removed (LOMA Submitted); Buildings Sited in Non-Flood Zone Area (Zone X)
  • Favorable Unit Mix | Spacious Screen-In Patios, Convertible to an Extra Bedroom or Personal Office | Masonry Construction
  • Utility Reimbursement Fees Paid by Nearly All Units | Recently Connected to City Water and New Septic Tanks, Lift Stations & Drain Fields
  • 8-Mins from the New Sarasota Memorial Hospital-Venice; Largest Employer in Sarasota County (SMH) | Mins from Downtown Venice, Nokomis & Venice Beach

OVERVIEW

**View Offering Memorandum for full details & financials at MultifamilyFirm.com or see links section below** The Multifamily Firm is pleased to present the Legacy Trail Apartments, a 16-unit apartment community in Sarasota County, Florida, minutes from Downtown Venice & Casey Key. Offered with attractive assumable financing consisting of interest-only payments through September 2027, the property has undergone extensive property-wide capital improvements, including interior renovations to 15 of the 16 units, upgraded with city water connections, new septic systems, lift stations, drain fields and much more! Situated on 1.65 acres, the property features rock-solid masonry construction with metal roofs on 6 buildings and a favorable unit mix of 75% two/three-bedroom units equipped with washer/dryer hookups. The Legacy Trail apartments are situated just steps from the Legacy Trail and minutes from Downtown Venice, Nokomis Beach, Venice Beach & Casey Key. Additionally, the property is just 8-minutes from the New Sarasota Memorial Hospital-Venice Campus; an new expansion site by Sarasota County’s largest employer; Sarasota Memorial Hospital.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

16

CAP RATE

6.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Legacy Trail Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

RMF-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Phil GinexiThe Multifamily Firm, LLCMore Info
631-404-6060

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Phil GinexiThe Multifamily Firm, LLCMore Info
631-404-6060

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