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Description
VENICE ISLAND DUPLEX WITH CONFIRMED DUPLEX REBUILD RIGHTS | GENEROUS 1/3-ACRE CORNER LOT | MINUTES TO BEACH & HISTORIC DOWNTOWN!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.
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric, Reverse Cycle
Lot Size: 0.33 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $8,519
Year Built: 1953
General Information
Bedrooms: 4
Sqft: 1,567
County: Sarasota
Subdivision: BAYSHORE ESTATES
Listed By:
Rachel Pearson
FINE PROPERTIES
941-782-0000
MLS ID: A4710945
Amenities
Built-in Features
Ceiling Fans(s)
Eat-in Kitchen
Kitchen/Family Room Combo
Open Floorplan
Primary Bedroom Main Floor
Garden
Private Entrance
Private Mailbox
Storage
Property Features
Additional Rooms: Storage Rooms
Annual Net Income: 20420.00
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Community Features: Street Lights
Days on Site: 9
Directions: Driving Directions: From US-41, head west on W Venice Avenue. Turn right onto Harbor Drive N, left onto Manatee Court, right onto Narvaezi Street, then right onto Parkside Drive. Property is at the end on the right.
Exterior: Block
Flood Zone Code: X500
Flooring: Ceramic Tile, Concrete, Terrazzo
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: 6-12 Month
Listing Terms: Cash, Conventional
Lot: Corner Lot, In County, Level, Oversized Lot, Paved
Lot Dimensions: 0.33
Other Equipment: Private Entrance
Ownership: Fee Simple
Parking: Circular Driveway, Common, Driveway, Ground Level, Off Street, Oversized
Parking Notes: Circular Driveway, Common, Driveway, Ground Level, Off
Patio/Porch: Covered, Enclosed, Screened
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Supra Lock Box,24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, See Remarks, Text List Agent, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Water: Public
Water Access Y/N: No
Windows: Window Treatments, Wood Frames
Zoning: RMF1
Shown By
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320 Parkside Drive, Venice, FL 34285.
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Estimated Payment
$ 3,000.23 per month $2,108.02 Principal & Interest $709.92 Property Tax $182.29 Homeowner's InsuranceChange Payment Information
About this area
About Venice
Whether you are looking for a place to relocate and raise a family, start a thriving business, or retire with your toes in the sand, you’ll like what Venice has to offer. You can wander streets of pink Renaissance-style buildings or scour the beach for the shark teeth the area is known for. Families will enjoy a top-notch school system, and art fans will appreciate the dynamic theater and art scene. Venice is colorful, vibrant, active, and appealing. Like its population, it fluctuates and changes with each calendar season.
Learn More About Living in Venice, Florida
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