Duplex - Multi-Family - Lot Size 10,000 SQ FT

Multi-Family for Sale
Catylist Listing ID: 30796222
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,503 SF
Gross Building Area: 1,764 SF
Gross Land Area: 10,000 SF
Sale Price: $485,000
Unit Price: $242,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2022

Overview / Comments

DUPLEX - Multi-Family Income Producing Property. Zoned DTN - Per the City of Sarasota. "The Downtown Neighborhood District is primarily residential but also allows for a mixture of land uses. See Attached for Residential Structure Types Allowed in Downtown Zones. Flood Zone X - Rental rates in this area are "substantially" higher than the rents charged at this Duplex because it needs extensive updates. NEW ROOF - January 2022. Each side has separate electric/water. Walking Distance to Downtown Main Street, Shopping, Restaurants, and Theaters. Close to bus routes, the airport, I-75, Lido Beach, Siesta Key, Ringling Museum and the UTC Mall. This property is perfect for development.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $3,134 (Annual)
Gross Operating Income $21,600 (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2028120078
Zoning: DTN
Percent Occupied: 100%
Property Located Between: Fruitville and 5th Street
Highway Access: From 301/North Washington Blvd. - North of Fruitville turn East on 5th Street. Duplex is on South Side of the Street.
Airports: Sarasota International Airport SRQ
Site Description: 10,000 SF Multi-Family Property - Zoned DTN
Total Number of Buildings: 1
Year Built: 1965
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: New Roof - January 2022 -
Zoning Description: Zoned DTN - Per the City of Sarasota. "The Downtown Neighborhood District is primarily residential but also allows for a mixture of land uses. See Attached for Residential Structure Types Allowed in Downtown Zones. Flood Zone X
Lot Frontage: 100
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 9 & 10 SUB OF LOT 11 BLK N PLAT OF SARASOTA

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,658 85,790 170,623
Median Age: 41.1 44.95 47.95
Households: 5,865 38,064 77,995

Contact

Photograph of Listing Agent

Kathy A Duggan

AREA 342 PROPERTY SPECIALISTS
MFCRE Member
© Copyright 2001-2022 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.