100% Occupied w/ 5 Apartments and Restaurant

Multi-Family for Sale
Catylist Listing ID: 30149014
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 5,590 SF
Gross Building Area: See Agent
Sale Price: $749,000
Unit Price: $149,800 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Loft on Main
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 8/28/2017

Overview / Comments

One of a kind 2 story building available with 5 apartments and a restaurant

Just recently ownership competed around $80,000.00 worth of upgrades to this building!

All 5 apartments located on the second floor are 100% leased and stay consistently occupied with all new A/Cs and most have all new interior renovations. The first floor restaurant is currently occupied by a fresh new long term tenant!

Apartments:
Suite 1 - 1 bedroom 1 bathroom / NEW AC
Suite 2 - 1 bed 1 bath (remodeled) / NEW AC
Suite 3 - 1 bed 1 bath / NEW AC
Suite 4 - Studio (remodeled) / NEW AC
Suite 5 - 1 bed 1 bath (remodeled) / NEW AC

Restaurant +/- 2,795 sf

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 2753000005
Zoning: CC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,944 67,814 166,931
Median Age: 37.17 39.51 43.38
Households: 2,755 25,498 70,051

Contact

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