428 S Armada Rd., Venice, FL 34285

Great Location and Convenent to townReasonably priced apartment building on the Island of Venice. The sellers said the following... 7 of the units are rented for between $550 and $575 per month and the 8th unit they rent out weekly and monthly. So the average income is about $4,500 per month. = 12 x $4,500 = $54,000 per year income. Taxes are about $4,600 per year. Insurance is about $4,000 per year. Water and trash is about $6,500 per year, gas for the hot water for all 8 units is about $2,500 per year. Electric is about $400 per year. The expenses are about $18,000 plus some maintenance.. The sellers put a new roof on the building to the city code and said it was about $46,000. plus have freshened up most units.