330 Tamiami Trail N

Description

Addys Villas In Nokomis is located approximately 2 miles from Gulf of Mexico beaches Addys Villas is a prospering vacation rental business. Trip Advisor ratings are 5.0 with 155 reviews. Strong positive reviews on other websites too! Local area includes a wide variety of restaurants, Venice Island shopping, golf courses, boating opportunities, fishing, 2 state parks, The Legacy Trail for hiking and biking, Venice Little Theatre, plus much more. Property includes: 10 Villas, 2 Cottages, 1 Studio, 3 Efficiencies, workshop and 4 Bedroom 2.5 Bath owners quarters. Amenities include: Heated swimming pool, picnic/grilling area, laundry, free wi-fi, cable tv, and free parking. Efficiencies have kitchenettes and all other accommodations have full kitchens, ideal for vacation rental/ air bnb marketplace. Property is being sold at a capitalization rate of 6 with the owners 2,026 square foot, 4 bedroom, 2.5 bathroom, 2 stall garage home not currently being rented (not included in cap rate). One unit is rented annually at a below market rate; the on-site manager unit is not being rented. The property also has a potential to be modified to include additional units as per the Nokomis Revitalization Plan. There is a team of professionals in place to consult regarding modifications to use that may include commercial, office, mixed use and more. Units are licensed as hotel/motel and as condominiums, so selling units individually is also an option. Huge growth in area, repeat clientele, great upside potential and diverse operational opportunities. Property is located outside of the 500 year flood zone. The company website can be accessed to see interior photos and learn more property details.