601 Shore ROAD, Nokomis, FL, 34275 | $2,100,000

This is a package deal. Located at the core of Nokomis, FL, on 601 Shore Rd, this distinctive investment bundle offers an exceptional chance to merge comfort, elegance, and the ability to generate income, all a stone's throw away from the enticing Nokomis Beach. Envision owning a set of 3 structures, which include 2 delightful duplexes and 1 independent single-family residence, all reflecting the charm of Florida's architectural beauty and way of life. This estate provides not just a living space, but a passageway to a lifestyle many covet and a golden opportunity for any investor. No flooding from recent storm! Minor damage to car port and fencing due to high winds.

For those with a vision for value and an eye for potential, the included vacant lot opens the door to endless possibilities. Whether you're contemplating expanding your real estate portfolio or dreaming up your next luxury build, this spot offers the perfect canvas.

The shared pool is a serene oasis that promises relaxation and leisure, a focal point where tenants can unwind in the warmth of the Florida sun. Off-street parking adds an extra layer of convenience, ensuring ease of access for you and your guests.

But let's talk numbers: with a track record of generating over $14, 600 in gross income monthly, these properties stand out as a powerhouse in the realm of Airbnb and rental investments. Its ability to consistently perform in the rental market speaks volumes of its appeal to both short-term vacationers and long-term residents alike.

Don't miss out on this exceptional opportunity to own a piece of Florida's paradise, paired with a proven, substantial income stream. Let 601 Shore Rd be your next smart investment and your portal to the exquisite Nokomis lifestyle. SEE 914 MCHILL RD, NOKOMIS, FL 34275 for an additional 3-units.

Features

  • Bedrooms: 13
  • Units: 5
  • Laundry: Common Area
  • Year Built: 1945
  • Heating: Electric
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 3,961
  • Acreage: 0.93
  • Est. Taxes: $6,311
  • Pool: In Ground
  • MLS#: A4610401
  • Days on Market: 175 days
  • Website: https://www.raveis.com
    /prop/A4610401/601shoreroad_nokomis_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/21/2024 7:47:11 PM)
Listing courtesy of HARRY ROBBINS ASSOC INC   Phone: 941-924-8346

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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601 Shore ROAD, Nokomis, FL, 34275

$2,100,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,680,000 $1,680,000 $1,680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.864% 6.810%
Monthly Tax Payment $526 $526 $526
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,757 $10,896 $14,750
Total Monthly Payment $11,408 $11,547 $15,401

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.