Multi-Family Complex Approved for 24 TownHomes

Multi-Family for Sale
Catylist Listing ID: 30374543
Property Subtypes: Mid-Rise
Building Status: Proposed
Number of Units: 24 Units
Building Size (RSF): 14,377 SF
Gross Building Area: See Agent
Gross Land Area: 68,015 SF
Sale Price: $2,900,000
Unit Price: $120,833.33 Per Unit
Property Use Type: Investment, Business
Building Name: Hyde Park Town Homes
Usable Size (USF): 10,965 SF
Sale Terms: Undisclosed, Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/30/2020

Overview / Comments

Great location very near to Sarasota Memorial Hospital. Close to beaches and downtown. Property currently has 17 dwelling units and 3 rental garages. Property is priced to sell with City of Sarasota site and development approval for 6 buildings with a total of 24 townhomes.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2035130058, 2035130078, 2035130061
Zoning: RMF5
Percent Occupied: 100%
Community Amenities: Outdoor Pool
Property Located Between: Hyde Park St and Hillview St
Airports: SRQ
Area Description: Great location near 41, hospital, downtown, and beaches.
Property Condition: Average
Number of Stories: 1
Year Built: 1955
Sprinklers: None
Heat Type: Electricity
Heat Source: Wall Units
Fuel: Electric
Air Conditioning: Window Unit
Zoning Description: Multi-Family
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Property for sale consists of 3 parcels: 2035130058, 2035130078, 2035130061

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,586 87,869 172,065
Median Age: 48.64 46.57 48.47
Households: 6,574 39,982 79,730


Photograph of Listing Agent

Cassie Meyer

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