A great apartment complex available for sale in Sarasota, FL ~ Across from Ringling College, next to a new starbucks & blocks from the Bay.

Coastwood Multi-Family Investment Opportunity

Price: $1,695,000
Number of Units: 25
Building Size: 9,386 SF
Property Type: Multifamily
Lot Size: 1 SF
Year Built: 1951

Highlights

  • Year One Cap Rate: 6.2%
  • 25 Unit Apartment Portfolio new to market
  • N Tamiami Trail near Ringling College of Art & Design
  • Historically stable – strong rental history, occupancy near 100%
  • Financial data available with Confidentiality Agreement

Description

Pursue this opportunity to acquire a 25-unit complex located on the West side of US 41 just a couple blocks from the bay.

Majority of units are efficient studio’s and one bedrooms.

Property encompasses the entire block.

Location

Sarasota, FL

Contact Broker

Square Sean Dreznin

Commercial Real Estate Sales Associate

sean@ian-black.com

(C) 941.961.8199
(O) 941.961.8199
(F) 941.906.8228
Linkedin small
Square George Kruse

Commercial Investment Sales Advisor

george@ian-black.com

(C) 941.321.6393
(O) 941.321.6393
(F) 941.906.8228
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