Arlington Park Apartments

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30779089
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 15 Units
Building Size (RSF): 13,905 SF
Gross Land Area: 25,025 SF
Sale Price: $4,250,000
Unit Price: $283,333.33 Per Unit
Property Use Type: Investment
Building Name: Arlington Park Apartments
Sale Terms: Cash to Seller
Cap Rate: 4.25%
Average Occupancy Rate: 100
Last Updated: 1/21/2022

Overview / Comments

15 unit multi-family income producing property in a fantastic location, virtually across the street from Sarasota Memorial Hospital. The property consists of three buildings with approximately 13,905 total square feet.

Units are very large and range in size and configuration; the majority being 2 bedroom, 2 bathroom. Conveniently located 1 block from U.S. 41/S. Tamiami Trail, between downtown Sarasota and the north bridge to Siesta Key.

Ample on-site parking. Large lot. Located in an area that is seeing multiple properties being redeveloped and remodeled.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota
Tax ID/APN: 2035120081
Zoning: RMF3
Percent Occupied: 100%
Property Located Between: Hillview & Bahia Vista Off 41
Highway Access: 7 miles to I-75
Airports: SRQ Airport is approximately 6 miles
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 2
Year Built: 1970
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Concrete, Stucco
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 15, 17, 19 & W 25 FT LOT 21, BLK B, LA LINDA TERRACE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,881 87,566 170,351
Median Age: 46.64 46.31 48.38
Households: 6,481 39,779 78,833

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