Key West Villas
Multi-Family
for Sale
| Catylist Listing ID: |
30841187 |
| Property Subtypes: |
Low-Rise/Garden, Mid-Rise
|
| Number of Units: |
16 Units |
| Building Size (RSF): |
11,420 SF |
| Gross Building Area: |
13,610 SF |
| Sale Price: |
$3,950,000 |
| Unit Price: |
$246,875 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Key West Apartments |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/4/2023 |
Overview / Comments
|
The Key West Apartments boasts pride in ownership with perfectly maintained grounds, ample parking and a strong unit breakdown with 6 one-bedroom apartments, 8 two-bedroom apartments, and 2 efficiency apartments. The seven building 16-unit garden style apartment community is across from Laurel Park and close to Downtown Sarasota. The property is historically designated according to the City of Sarasota. The City has several incentives and FEMA waiver of restrictions according to the City Planner. Sarasota is known as Florida's Cultural Coast and is home to a professional symphony, ballet and opera. In addition, more than 10 theaters and 30 art galleries are located in Sarasota. Main Street in Downtown Sarasota boasts dozens of shops, restaurants and nightclubs. There are many special events throughout the year in Downtown Sarasota including live music, art festivals, motorcycle shows and parades. Call for more details or to schedule your private showing.
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Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Taxing Authority: |
Sarasota County |
| Tax ID/APN: |
2027100088 |
| Zoning: |
RSM 9 |
| Total Number of Buildings: |
7 |
| Property Condition: |
Good |
| Construction/Siding: |
Wood Frame |
| Parking Type: |
Surface |
| In Flood Plain?: |
Yes |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
| Legal Description: |
LOTS 19 21 & 23 & S 79 FT OF LOT 17 SUB OF LOTS 7 & 8 BLK G A/K/A BURNS REALTY CO RESUB OF LOTS 1 THRU 8 INCL BLK G CONTAINING 35386 C-SF M/L PLAT OF SARASOTA |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,950 |
80,105 |
168,759 |
| Median Age: |
48.31 |
45.7 |
48.24 |
| Households: |
5,880 |
36,097 |
77,918 |
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