NOT LISTED FOR SALE

1400 the Rialto Venice, FL 34285

-- Bed
-- Bath
2,634 Sq Ft
13,068 Sq Ft Lot

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

0.3 Acres

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
  • 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
  • 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: 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
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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

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,482 $772,100 $294,400 $477,700
2024 $12,232 $829,000 $294,100 $534,900
2023 $12,232 $804,000 $281,900 $522,100
2022 $6,870 $487,600 $254,400 $233,200
2021 $5,936 $361,600 $196,300 $165,300
2020 $5,836 $352,800 $175,200 $177,600
2019 $5,253 $314,200 $179,800 $134,400
2018 $4,878 $290,900 $183,300 $107,600
2017 $5,967 $352,400 $161,500 $190,900
2016 $5,663 $342,800 $147,000 $195,800
2015 $5,123 $313,700 $122,500 $191,200
2014 $4,686 $253,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4517503

Stellar MLS
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