Unique Apartment Building Opportunity Plus Land

Multi-Family for Sale
Catylist Listing ID: 30122176
Property Subtypes: Low-Rise/Garden
Number of Units: 15 Units
Building Size (RSF): 2,193 SF
Gross Building Area: See Agent
Gross Land Area: 12,375 SF
Sale Price: $800,000
Unit Price: $53,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

Excellent Investment Opportunity in Central Pinecraft. 6 unit apartment building with 9 additional mobile homes or parking spots for a total of 15 rentals. Fully furnished and ready to rent. Full seasonal occupancy with a waiting list. Pinecraft is a high demand rental area. Price includes the adjoining parcel #0054150052. Each unit has full hook-up with water and sewer.

Financials

Finance Data Year 2017
Potential Rental Income $81,000 (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0054150053
Zoning: CN, COMMERCIAL NEIGHBORHOOD
Percent Occupied: 100%
Property Located Between: Off Bahia Vista, between Beneva Rd and Lockwood Ridge
Highway Access: I-75
Airports: SRQ
Parking Type: Surface
Zoning Description: CN, Commercial Neighborhood
Legal Description: FROM SE COR OF N 1/2 OF SE 1/4 OF SW 1/4 OF NE 1/4 OF SEC 28 RUN SLY ALG E LINE OF SW 1/4 OF NE 1/4 45 FT FOR POB TH RUN WLY & PARALLEL TO S LINE OF SAID N 1/2 OF SE 1/4 OF SW 1/4 OF NE 1/4 115 FT TH SLY AT RIGHT ANGLE 85 FT TH ELY & PARALLEL TO SAID S LINE 115 FT TH NLY ALG SAID E LINE OF SW 1/4 OF NE 1/4 85 FT M/L TO POB LESS ELY 25 FT FOR RD R/W OR 2089/1051

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,319 109,516 180,319
Median Age: 49.19 45.41 47.73
Households: 6,414 48,762 82,328

Contact

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