NOT LISTED FOR SALE

1400 the Rialto Venice, FL 34285

-- Bed
-- Bath
2,634 Sq Ft
0.3 Acres

Last Sold April 11, 2022

Last sale price $2,000,000 $759 Per Sq Ft

57 Days on Market

Highlights

  • No HOA
  • Family Room Off Kitchen
  • Cooling System Mounted To A Wall/Window
  • Venice Elementary School Rated A
  • Front Porch
  • High Speed Internet

About This Home

As of April 2022

Venice Island Investment Opportunity! Meticulously maintained 12-unit apartment complex on the Island of Venice with additional vacant lot (which makes the entire property just under 1 acre). Just a few blocks to the beaches and close to the historic downtown Venice shopping district. 3 buildings are comprised of ten 1 BR/1 BA units and two studio/efficiency units. Six of the units are recently updated and come turn-key furnished (four of which have brand new HVAC split units) - short-term leases in place through March 2022. Six remaining units (three of which have recently been updated) are on month-to-month leases. Laundry facility & storage on-site. Patios and outdoor areas for sunbathing and relaxation. Plenty of off-street parking available for tenants. Fully occupied. No vacancies. The vacant lot is 0.24 acres and zoned RMF4/Residential multi-family (up to 18 units/acre). Great location! Call today for more details!

Last Agent to Sell the Property

Uli Wills

WILLS REAL ESTATE LLC License #3308383 Listed on: 11/11/2021

Last Buyer's Agent

Tim Lacey

THE RENTAL COMPANY OF VENICE License #3261250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,936

Year Built

  • Built in 1958

Lot Details

  • 0.3 Acre Lot
  • Fenced
  • Additional Parcels

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 2,634 Sq Ft Home
  • Partially Furnished
  • Family Room Off Kitchen

Kitchen

  • Range
  • Microwave

Outdoor Features

  • Front Porch

Schools

  • Venice Elementary School
  • Venice Area Middle School
  • Venice Senior High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • 3,379 Sq Ft Building
  • Beach Manor Community
  • Beach Manor Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,936

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2634
  • Lot Size Acres: 0.3
  • New Construction: No
  • Year Built: 1958
  • Building Area Total: 3379
  • Lot Size Sq Ft: 13258
  • Number Of Lots: 3
  • Directions to Property: From U.S. 41 S. (Business), turn slight R onto The Rialto. Turn R onto Base. Property on L.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4517503?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4517503?w=Customer
  • Unit Count: 5
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.86957
  • Price per Sq Ft: 759.3
  • Close to Original List Price Ratio: 1.73913
  • Ratio: Current Price\Building Area Total: 591.89
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Kitchen/Family Room Combo
  • Appliances Included: Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Spa Yn: No
  • Street Number Modifier: 1400
  • Number Of Buildings: 3

Exterior Features

  • Exterior Features: Fenced
  • Roof: Built-Up
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Front Porch
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: None
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Venice Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Venice Area Middle

Lot Info

  • Zoning: RMF4
  • Parcel Number: 0430140042
  • Additional Parcels Description: 043140044,04314003
  • Additional Parcels: Yes
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04

Rental Info

  • Furnished: Partially
  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Num Timesper Year: 12
  • Lease Restrictions Y N: No

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 5936.41
  • Tax Lot: 2

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2022 04/11/22 Sold $2,000,000 -13.0% $759 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
12/28/2021 12/28/21 For Sale $2,300,000 0.0% $873 / Sq Ft
11/24/2021 11/24/21 Price Changed $2,300,000 +100.0% $873 / Sq Ft
11/23/2021 11/23/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $1,150,000 -- $437 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Uli Wills

    Seller's Agent in 2022

    Uli Wills

    WILLS REAL ESTATE LLC

    (941) 275-5154

    4 in this area

    100 Total Sales

    Uli Wills
    Section Image

  • T

    Buyer's Agent in 2022

    Tim Lacey

    THE RENTAL COMPANY OF VENICE

    (941) 484-7644

    5 in this area

    29 Total Sales

    Tim Lacey
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4517503

Stellar MLS
Florida Sarasota County Venice 34285

1400 the Rialto, Venice, FL

This home is located at 1400 the Rialto, Venice, FL 34285 since 11 November 2021. This property was built in 1958. 1400 the Rialto is a home located in Sarasota County with nearby schools including Venice Elementary School, Venice Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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