Ridgewood Heights Apartments

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30087291
Property Subtypes: Low-Rise/Garden, Other
Status: Pending/Contingent
Number of Units: 5 Units
Building Size (RSF): 4,025 SF
Gross Building Area: See Agent
Gross Land Area: 0.59 Acres
Sale Price: $624,000
Unit Price: $124,800 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2017

Overview / Comments

• Reasonable increases to market rent increases yield over 7%
• Newly renovated units provide turn-key investment opportunity
• SFR tenant pays all utilities; 4-plex tenants pay electric and cable
• Property includes a 4-plex and a single family home
• Close proximity to A-Rated Schools including Riverview High School and
Phillippi Shores Elementary
• Located near Publix, shopping, restaurants and most importantly, Siesta
Key Beach!

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0075090001

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,828 84,390 157,849
Median Age: 46.68 50.53 49.21
Households: 5,633 40,337 73,710
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