Legacy Trail Apartments

Multi-Family for Sale
Catylist Listing ID: 30268125
Property Subtypes: Mid-Rise
Number of Units: 26 Units
Building Size (RSF): 11,518 SF
Gross Building Area: 12,966 SF
Gross Land Area: 28,848 SF
Sale Price: $845,000
Unit Price: $32,500 Per Unit
Property Use Type: Investment
Building Name: Legacy Trail Apartments
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/5/2018

Overview / Comments

American Property Group is proud to present the exclusive right of sale on the The Legacy Trail Apartments located in Nokomis, FL. Situated only two miles from Nokomis Beach and 100 feet from the Legacy Trail this location is outstanding. Built in 1925 of masonry construction, this unique opportunity is available with huge upside potential with only 38% occupancy. The current configuration on the first floor is of nine 1 bedroom/ 1 bathroom apartments. The second floor configuration is more of boarding house / dormitory style housing comprised of 11 studios, 6 rooms ans 4 shared bathrooms. Numerous option to choose from. Keep the current configuration and rent out the upstairs for immediate cash flow or renovate and re-configure the upstairs into larger units and command a stronger rent.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0405060001
Zoning: RSF3
Percent Occupied: 38%
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1925
Parking Type: Surface
Laundry: Shared
Fuel: Propane
Air Conditioning: Window Unit
Interior Description: Nine 1/1 Eleven Studios Six Rooms
Water Service: Well
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,189 39,197 67,311
Median Age: 58.56 63.78 60.33
Households: 3,311 20,896 34,248


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