60-unit Multifamily complex for sale in Sarasota, FL


60-units for sale in Sarasota, FL.

This highly desired asset is located in a prime area, near Sarasota Memorial Hospital, the Hillview Shoppes and restaurants, minutes from Downtown Sarasota and the Bayfront.

Majority of units have been updated or remodeled.  5 units have received premium finishes and are all rented at $1,100 per month.

All new leases and renewals for updated or standard remodels are at $950 per month.

Most units are below market and with some basic capital enhancements the market rents can be achieved.

Newer roofs on 5 of the buildings

Majority of A/C units are newer

Most of the windows throughout the complex are new.

Contact Sean Dreznin at (941) 961-8199 or sean@ian-black.com to request a confidentiality agreement or ask questions.

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