The Poet Carriage House

Multi-Family for Sale
Catylist Listing ID: 30288225
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 1,316 SF
Gross Building Area: 5,142 SF
Gross Land Area: 3,952 SF
Sale Price: $895,000
Unit Price: $179,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,600 SF
Sale Terms: Cash to Seller
Cap Rate: 5.03%
Average Occupancy Rate: 100
Last Updated: 9/24/2018

Overview / Comments

The Iconic Poet Carriage House in Historic Laurel Park.
Great opportunity for an Investor with an eye for future Redevelopment.
5 Income Producing Apartments all on Annual Rents on the Second Floor with Storage Spaces on the Ground Floor producing additional revenue.
Financials provided following signed NDCA attached to the Listing

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 2027100039
Zoning: RSM-9
Percent Occupied: 100%
Property Located Between: Rawls and Cherry
Highway Access: Close to US 41
Airports: Sarasota Bradenton International
Number of Stories: 2
Year Built: 1920
Year Renovated: 1986
Construction/Siding: Concrete
Parking Type: Structure
Total Parking Spaces: 5
Laundry: Shared
Zoning Description: RSM-9: Nine Units/Acre
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,950 78,623 166,775
Median Age: 48.31 45.62 48.57
Households: 5,880 35,405 77,343

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