Catylist ID:
#30708767
| Catylist Listing ID: | 30708767 |
| Property Subtypes: | High-Rise |
| Number of Units: | 5 Units |
| Building Size (RSF): | 5,076 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,650,000 |
| Unit Price: | $330,000 Per Unit |
| Property Use Type: | Investment |
| Building Name: | The 101 Condominiums |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/26/2021 |
Overview / Comments
|
Unique opportunity to purchase 5 bayfront condos in the recently renovated The 101 Condominiums. The building has unobstructed views of the Sarasota Bayfront that will never be infringed upon. The 101 Condominiums have gone through a complete interior renovation with a brand new pool recently with plans to modernize the exterior facade. All 5 units have been at least partially renovate. Units are as follows: 5G - 1BR/2BA, 965 SF, Full Bay View 7C - 1BR/2BA, 986 SF, City View 6J - 1BR/2BA, 963 SF, Full Bay View 7J - 1BR/2BA, 963 SF, Full Bay View 10A - 2BR/2BA, 1,200 SF, Partial Bay View The special assessment to renovate the exterior has been paid in full. Each unit is held in a single entity LLC which are available in the transaction to circumvent the 2-year holding minimum to lease so your Buyer can lease immediately. Potential rent for all 5 units range from $120,000-$150,000 annually. The 101 Condominiums are essentially a brand new building without the new development prices. |
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Tax ID/APN: | 0000007481 |
| Community Amenities: | Outdoor Pool, Recreation Room, Exercise Room, On-Site Maintenance, Concierge |
| Total Number of Buildings: | 1 |
| Number of Stories: | 11 |
| Year Built: | 1974 |
| Year Renovated: | 2021 |
| Parking Type: | Structure |
| Laundry: | In Each Unit |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,847 | 75,784 | 155,428 |
| Median Age: | 50.18 | 45.31 | 48.36 |
| Households: | 5,486 | 33,886 | 71,795 |
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