For Sale - Residential For Sale - - 2 Bedrooms - 2 Bathrooms - Price $
404 PALM
1,477 Sqft
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Property Description

Wow, this is a rare offering that is located in a great old neighborhood that was platted nearly 100 years ago! The building has a new roof and is a duplex that has one bed room and one bath on the A side and is approximately 793 square feet of living space and a private drive on the east side of the building. It has an open porch and access to a shared laundry, covered facility with washer and dryer. The B side is nearly twice a s big and has a screened lanai and an open patio for grilling on the east side. One of the exciting things about the offering is that it also included a large 29 x 23 garage with a full stand up loft above! There is room for two cars and motorcycles or jet skis and more. In addition there are no restrictions against boat or RV parking on the duplex site which is 100x 110. But wait, there’s more, behind the duplex is an 18,000 square foot lot that is also included. It is an irregular shape and has a 20 foot easement to Pine Road to the back of the property. You may be able to build a new home on this lot or an additional garage for your boat or RV and even and apartment for additional rental income. Ok what kind of income can this property produce? As the property is right now it is neat and clean and in good working order at the present time. My projected income for this property is as follows: Unit A (the smaller side 1 bed room 1 bath at $ 1,800.00 per month. The larger B side (1 bed room 1 bath with large 18 x 17 family room) $ 2,200.00 month, the garage could also be rented at $ 800.00 per month for a grand total of $ 4,800.00! Please note these are estimated projections and do not include the vacant lot behind the duplex that is part of the two combined parcels. This is a special property very close to Nokomis Beach and the Lyons Bay park just a few blocks down the street. Don’t forget if you trailer a boat which you can park outside here the boat launch is less than two mile away. The sky is the limit on this property, a little imagination and creativity could add a great deal more rental income if the duplex was remodeled and up-dated with slight reconfiguration. This is an attractive and friendly neighborhood close to all your everyday needs and wants!

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
N6131933
Price:
$1,095,500
Bedrooms:
2
Full Bathrooms:
2
Half Bathrooms:
Square Footage:
1,477 Sqft
Year Built:
1953
Lot Area:
0.25 Acre
Features
Patio
Covered, Rear Porch, Front Porch, Patio, Screened, Enclosed,
Parking
Workshop In Garage, Boat, Rv Parking,
Furnished
Partially,
Appliances
Appliances
Electric Water Heater, Cooktop,
Address Map
Country:
US
State:
FL
County:
Sarasota
City:
NOKOMIS
Subdivision:
BAY POINT CORR OF
Zipcode:
34275
Street:
PALM
Street Number:
404
Floor Number:
Longitude:
W83° 32' 29.6''
Latitude:
N27° 7' 3.8''
UnitNumber:
A & B
Agent Info
Blue Sun Team
https://BlueSunRealty.com
1-813-365-3370
1-813-365-3370
angie@bluesunrealty.com
813-365-3370 - 909 E. Parker Street Lakeland, FL 33801 -