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

Financials

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
© Copyright My Florida Commercial Real Estate. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.