Moringa Bungalows

478 Church St, Nokomis, FL 34275
$1,595,000 Price
$177,222 Price Per Unit
6.34% Cap Rate
9 Number of Units
4,766 Building Gross SF
4,766 Rentable SF

Dreznin Pappas Commercial Real Estate, LLC

Investment Apex

  • Dreznin Pappas Commercial Real Estate presents the exclusive opportunity to acquire a 9-unit apartment complex in Nokomis, FL. This value-add property offers an investor long term upside with some capital improvements and enhancing the units over time.
  • With a strong unit mix of (6) two bedroom units and (2) one bedroom units, this complex provides a solid cash flow. Concrete block/Masonry construction with central air. Located in Zone X which is outside flooding zones (per fema address check website)
  • According to ownership, the utilities are separate and tenants pay for electric and drinking water. (Septic is in place and ownership pays for maintenance and cleaning) Property has well (sprinkler & laundry) & septic system Please text or call Sean Dreznin at 941-961-8199 to discuss further.

Location Highlights

  • Close proximity to Legacy Trail, Nokomis Beach, Dona Bay and the Venice Jetty's.
  • Nokomis is an unincorporated town along the Gulf Coast of Florida, located south of Osprey and just north of Venice.
  • The town has access to the coast through Nokomis Public Beach and Casey Key.
  • Nokomis was originally settled in 1868 and totals 1.9 square miles.

Location & Neighborhood

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