Palm Terrace 4-Plex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30210655
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 1,908 SF
Gross Building Area: 2,348 SF
Gross Land Area: 9,864 SF
Sale Price: $249,900
Unit Price: $62,475 Per Unit
Property Use Type: Investment
Building Name: Palm Terrace 4-Plex
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2018

Overview / Comments

American Property Group of Sarasota is proud to present the exclusive right of sale of this 4 unit multi family property located minutes from Siesta Key. Located just south of Bee Ridge and off of US-41 this location benefits the tenants and owner alike. Investors can take advantage of this affordable multi-unit complex with stable tenants.
All units are fully leased with long term tenants. The unit mix consists of two 1 bedroom/ 1 bathroom and two studio apartments. All units are have separate electric meters benefiting the owner. The current rents are blatantly low and an increase to market rents will make this investment one not to miss.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0075040058
Zoning: RSF3
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 1950
Roof Type: Hip
Construction/Siding: Block
Parking Type: Surface
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,463 78,279 161,685
Median Age: 49.41 50.89 49.05
Households: 5,047 37,657 75,407

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