Overview
- Quadruplex, Residential Income
- 10
- 8
Description
Unmatched Island Investment Opportunity – Steps from Venice Beach & Downtown NO FLOOD ZONE – NO FLOOD DAMAGE – NEVER SEEN A LICK OF WATER – RARE OPPORTUNITY – ZONED RMF4 Welcome to 701 W Venice Avenue—an exceptional multifamily property ideally located just one block from Venice Beach and a short stroll to historic downtown Venice. Rarely does a location offer this level of convenience, charm, and income potential in the heart of Venice Island. Situated on a prime beach-side corner lot, this updated and well-maintained fourplex offers four private-entry units, each with separate water and electric meters. Unit Breakdown: • Unit A – 2 bedrooms, 2 baths, approx. 1, 129 SF • Unit B – 2 bedrooms, 2 baths, approx. 1, 578 SF • Unit C (Owner’s Unit) – 4 bedrooms, 2.5 baths, approx. 3, 013 SF • Unit D – 2 bedrooms, 2 baths, approx. 1, 578 SF All units feature: • Porcelain tile flooring • In-unit washers and dryers • Private entrances and screened outdoor living spaces (lanai or balcony) Unit C stands out as the owner’s residence or premium rental, offering expansive living areas, a large screened lanai, level 3 granite countertops, and premium finishes throughout—truly lives like a single-family home. Property Highlights: • Zoned for daily, weekly, monthly, or annual rentals – full flexibility to maximize income • New roof (2024), updated electrical panels, and three newer HVAC systems • Hurricane shutters, enclosures, and private outdoor spaces for each unit • Electric security gate leading to pavered parking for up to 7 vehicles, including covered spaces • Professionally landscaped grounds with well-fed irrigation – no water cost for landscaping To ensure peace of mind, the entire property has been professionally inspected by Peace of Mind Home Inspections, a trusted local company with over 30 years in business. The comprehensive inspection (valued at $2, 000) has already been completed and paid for—offering transparency and confidence to any savvy investor. Prime Beachside Corner Lot Zoned for Short-Term Rentals Turnkey, Fully Inspected Income Asset This is truly one of the most desirable and versatile multifamily properties on Venice Island. Whether you’re seeking a live-and-lease lifestyle or looking to generate high-income returns, 701 W Venice Avenue delivers unmatched value, luxury, and location. Don’t miss your chance to own this rare, income-ready gem just steps from the sand.
Address
Open on Google Maps-
Address: 701 W VENICE AVENUE
-
City: Venice
-
State/county: FL
-
Zip/Postal Code: 34285
-
Country: US
Details
Updated on July 10, 2025 at 4:50 pm-
Property ID HZA4653742
-
Price $1,790,000
-
Land Area 0.28 Acres
-
Bedrooms 10
-
Bathrooms 8
-
Year Built 1980
-
Property Type Quadruplex, Residential Income
-
Property Status Closed
Additional details
-
Listing Terms Cash, Conventional
-
Roof Membrane
-
Utilities BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
-
Sewer Public Sewer
-
Cooling Central Air
-
Heating Central, Electric
-
Flooring Carpet, Ceramic Tile, Tile
-
County Sarasota
-
Property Type Residential Income
-
Parking Assigned, Golf Cart Parking
-
Elementary School Venice Elementary
-
Middle School Venice Area Middle
-
High School Venice Senior High
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees