26-unit Apartment Complex located near Ringling College in Sarasota, FL For Sale

Ian Black Real Estate has been retained as the exclusive agent for the sale of the Indian Beach Apartment Portfolio, located directly across from the
Ringling College of Art and Design, at 1052 and 1060 Indian Beach Drive, 2518 Ixora St and 1015-1037 25th St in Sarasota, FL with the following key
points:
◊ Summary: The Subject Property known as the Indian Beach Apartment Portfolio, is located at the corner of N. Tamiami Trail (US 41) and Indian
Beach Drive, just north of Downtown Sarasota, FL and is comprised of a 16 unit 2 story concrete block and stucco apartment building, a 3BR/3BA house,
a 1BR/1BA house with pool, and 4 1BR/1BA duplexes. The Property has its own laundry area and onsite parking. Management and maintenance team
are in place for a seamless transition. The Property is within walking distance to the Ringling School of Art and Design, minutes to New College,
Sarasota International Airport, the SCAT bus stop, restaurants, shopping and services.
◊ 26 Total Units: Unit mix includes 2 single family homes, 4 duplexes, and a 16 unit
apartment building
◊ Desirable Location: Close to colleges and universities for students and convenient to
Downtown for service industry employees.
◊ Historically Stable: Strong rental history, occupancy near 100% and a current waiting list
◊ Capital Improvements include:
1. New roofs installed in 2016 at 1052 and 1060 Indian Beach
2. Appliances and repairs completed and replaced as needed
WWW.IAN-BLACK.COM
Confidentiality requested.
Property visits allowed only by pre-arranged appointment with the broker, so as not to disturb tenants.

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