Multifamily Opportunity Near I-75 Sarasota, FL

Multi-Family for Sale
Catylist Listing ID: 30423248
Property Subtypes: Duplex/Fourplex
Number of Units: 20 Units
Building Size (RSF): 17,500 SF
Gross Building Area: See Agent
Sale Price: $2,749,000
Unit Price: $137,450 Per Unit
Property Use Type: Investment
Building Name: Palmer Kensington Duplexes
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Last Updated: 5/22/2019

Overview / Comments

HOT! HOT! HOT! This rare opportunity to purchase a multifamily investment which includes 10 buildings with 20 units within the same neighborhood. These units are located between Honore Ave and Cattlemen Rd on the north side of Palmer Blvd. The neighborhood offers public transportation and is close to shopping, schools, jobs, and I-75. Each unit has two bedrooms, two bathrooms, appliances including washer/dryer, updated living area, public area, parking, and easy access to amenities. The asking price is $2,749,000 and the property generates a 6.24% cap rate. There is also a vacant lot zoned RMF2 which is listed for $149,000 and is .3756 acres.
-Two bedrooms & Two Bathrooms.
-Appliances included.
-Washer and Dryer.
-Updated units.
-Public Area.
-Off Street Parking.
-Easy Access to Amenities.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0048050046,0048060021, 0048050047, 0048050003, 0048050002, 0048050045
Zoning: RMF2

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,178 75,553 169,477
Median Age: 44.19 47.04 47.79
Households: 3,394 33,262 76,667
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.