1007 N East Ave

Multi-Family for Sale
Catylist Listing ID: 30724678
Property Subtypes: Low-Rise/Garden
Number of Units: 4 Units
Building Size (RSF): 3,454 SF
Gross Building Area: See Agent
Gross Land Area: 8,245 SF
Sale Price: $950,000
Unit Price: $237,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

Ian Black Real Estate is pleased to present the opportunity to purchase a recently constructed four unit apartment complex just north of Downtown Sarasota. A four unit complex is much sought after and rarely available making it perfect for the entry level multi-family investor. Its location allows for easy access to downtown amenities and all that the Sarasota area has too offer making it desirable for tenants. The buildings were designed with ease of maintenance top of mind including Class A metal roofs, impact windows, concrete block construction, spray foam insulation and polished concrete floors on the ground level and high end laminate on the second floors. The landscaping is low maintenance with a few plants and mostly shell driveways. All units include stackable washers and dryers and are separately metered for electric and water/sewer allowing for hands off management. Current rents are at or below market for new modern apartments and three of the units are currently month to month allowing for the new owner to easily increase rents. Do not disturb tenants.

See property link for CA.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2028040051
Zoning: DOWNTOWN EDGE - DTE
Total Number of Buildings: 4
Zoning Description: Downtown Edge - DTE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,801 87,963 172,093
Median Age: 35.41 45.27 47.94
Households: 6,150 39,333 78,584
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