Patrick Brogley

Calling all investors! Amazing vacation rental opportunity on Venice Island! This multifamily complex comprises four units with 1 bed/1 bath floor plans. Charmingly appointed and designed for comfort, all 4 units feature a neutral palette gracefully displaying the airy & light open layout. Well-organized, the central point in each unit is the living/dining room area. Elegantly upgraded, eat-in kitchen comes with solid wood shaker-style cabinetry beautifully matched with light St. Cecilia granite countertops and stainless steel appliance package. Bedrooms offer built-in shelving and en-suite bathrooms with single vanities, new medical cabinetry, and tubs with showers. All of the units have a private screened lanai attached. Additional features include tile floorings, zoned AC units in all living rooms and bedrooms (new ACs in units C and D), individual driveways, a common use Laundry room with 2 sets of washers and dryers (coin-operated), and mailboxes assigned to each unit. Ideal for beach, nature, and recreation lovers - across the street is the John Nolen Park with a playground, picnic tables, grills, and hiking trails leading to the Venice history signs. Just a block and a half away from downtown Venice with its action packed event calendar, weekly farmers market, and plentiful dining, shopping, and entertainment spots including Venice Theater and Centennial Park. Close proximity to mesmerizing Venice beach and South Jetty fishing. Proforma rent at a 6.8 cap rate with a much higher cap appreciation rate based on the location! For comparison, 1 bed/1 bath units for rent in the neighborhood are priced at around $1,800 per month. Great opportunity for 1031 exchange investors. Don't miss your chance to purchase this revenue-producing property and give us a call TODAY!