Investment Opportunity! Duplex near Downtown Sarasota!

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30330901
Property Subtypes: Duplex/Fourplex, Other
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,258 SF
Gross Land Area: 0.26 Acres
Sale Price: $480,000
Unit Price: $120,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 3,258 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/3/2018

Overview / Comments

Location, location, location! Fantastic investment opportunity to purchase two duplex properties. Properties are located near Ringling College, Downtown Sarasota, and desirable Lido Beach. Each property is equipped with two units consisting of a 699 sf 1 bedroom 1 bath and 918 sf two bedroom 1 bath. Newer roof, two new AC units, and terrazzo floors throughout. Rental income is over $40,000 per year. Don't wait, properties wont last!

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Public Records
Tax ID/APN: 2005-16-0021, 2005-09-0064
Zoning: RMF3
Percent Occupied: 100%
Property Located Between: N Tamiami Trail and Indian Beach Dr.
Highway Access: US 4, I-75
Airports: SRQ, Tampa International
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Built: 1961
Roof Type: Hip
Construction/Siding: Block
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Residential Multi-Family
In Flood Plain?: Yes
Lot Frontage: 103
Lot Depth: 115
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 175 LESS ELY 35 FT THEREOF BAY HAVEN & LOT 176 LESS ELY 35 FT THEREOF BAY HAVEN

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,606 55,973 156,260
Median Age: 41.76 45.2 47.37
Households: 4,191 24,809 70,648

Contact

Photograph of Listing Agent

Troy Harry Robbins

HARRY ROBBINS ASSOC INC MFCRE Member
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