4 Beds
2 Baths
1,567 SqFt
4 Beds
2 Baths
1,567 SqFt
Key Details
Property Type Multi-Family, Duplex
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,567 sqft
Price per Sqft $398
Subdivision Bayshore Estates
MLS Listing ID A4710945
Bedrooms 4
Construction Status Completed
HOA Y/N No
Year Built 1953
Annual Tax Amount $8,519
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 138 x 105
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Discover an exceptional opportunity to own a spacious 14,490-square-foot corner parcel on Venice Island, offering established rental income and exciting redevelopment potential! Zoned RMF1 (Residential Multi-Family), the property permits duplex use by right, and the City of Venice has confirmed in writing that the existing structure may be demolished and replaced with a new two-unit duplex, subject to applicable building regulations, permitting and approvals. Enjoy the income today while considering the possibilities for tomorrow!
Situated on a quiet street just minutes from historic Downtown Venice, shopping, dining and beautiful Gulf beaches, this property is located in desirable Flood Zone X, with no reported history of flooding or storm damage. Built in 1953, the duplex offers two residences, each featuring two bedrooms, one bathroom and classic terrazzo flooring. A circular pebble driveway, magnificent mature oak tree and generous outdoor space lend the property its distinctive Old Florida charm.
Currently income-producing, the property provides immediate rental income with opportunities to enhance its value through thoughtful improvements. The existing building would benefit from updates, including a future roof replacement and electrical improvements, making it an appealing prospect for investors seeking a renovation project or buyers considering an entirely new vision for the site.
With its generous corner-lot configuration, established multifamily zoning and desirable Venice Island location, this property offers a compelling combination of land, income and future possibilities!
The owners are also selling a second duplex nearby at 309 Parkside Dr, Venice — see other listing.
Location
State FL
County Sarasota
Community Bayshore Estates
Area 34285 - Venice
Zoning RMF1
Rooms
Other Rooms Storage Rooms
Interior
Interior Features Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor
Heating Electric, Reverse Cycle
Cooling Central Air
Flooring Ceramic Tile, Concrete, Terrazzo
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry Electric Dryer Hookup, Outside, Washer Hookup
Exterior
Exterior Feature Garden, Private Entrance, Private Mailbox, Storage
Parking Features Circular Driveway, Common, Driveway, Ground Level, Off Street, Oversized
Community Features Street Lights
Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N No
Water Access No
View Garden, Trees/Woods
Roof Type Shingle
Porch Covered, Enclosed, Screened
Attached Garage false
Garage false
Private Pool No
Building
Lot Description Corner Lot, In County, Level, Oversized Lot, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Completed
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/916fe6a7-0fb0-4d47-859c-0af1d084e2de?wl=true&setAttribution=mls&initialViewType=pano
