Laurel Park - The Morrill Building

Multi-Family for Sale
Catylist Listing ID: 30210348
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,954 SF
Gross Building Area: 3,990 SF
Gross Land Area: 4,930 SF
Sale Price: $799,000
Unit Price: $199,750 Per Unit
Property Use Type: Investment
Building Name: The Morrill Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/7/2018

Overview / Comments

American Property Group is proud to present the exclusive right of sale of this multi family property in Laurel Park, one of Downtown Sarasota's most desired neighborhoods.
The Morrill building has been completely updated with excellent touches but maintains its original charm. NEW roof, electric, plumbing and HVAC only benefits the buyer while keeping the cost of ownership low.
The four units are located in one building and one parcel of land. Built in 1925 and of wood frame construction, the units have been restored and updated to benefit the new owner.
The units mix consists of two 3 bedroom/ 2 bathroom, one 2 bedroom/ one bathroom, one studio apartment.
With walking distance to Main St. , Burns Ct. and Payne Park, the location is arguably one of the best in Sarasota.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2027090029
Zoning: RSM9
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1925
Roof Type: Hip
Construction/Siding: Wood Frame
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,162 87,515 168,570
Median Age: 42.35 45.5 48.02
Households: 6,895 39,123 77,540


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