25-unit Multifamily opportunity across from Ringling College

Multi-Family for Sale
Catylist Listing ID: 30040043
Property Subtypes: Low-Rise/Garden
Number of Units: 25 Units
Building Size (RSF): 9,386 SF
Gross Building Area: See Agent
Gross Land Area: 1.23 Acres
Sale Price: $1,695,000
Unit Price: $67,800 Per Unit
Property Use Type: Investment
Building Name: Coastwood Apartments
Sale Terms: Cash to Seller
Cap Rate: 6.2%
Last Updated: 8/15/2017

Overview / Comments

Total Building Size: 9,386 RSF +/-
Total Land Size: 1.23 Acres +/-
Sales Price: $1.695 Million
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


Finance Data Year 2017
Net Operating Income $146,500 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 2006080037
Zoning: NT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,271 63,088 161,824
Median Age: 38.79 44.76 47.66
Households: 3,899 27,743 73,253
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