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Apartments For Sale • 28,043 SF
| 2008-vintage concrete block build means lower maintenance, smaller reserves, and favorable Florida insurance, keeping owner costs predictable. |
| Boosting water/sewer reimbursements, adding a $5 pest fee, and $30 pet rent lift Other Income from $16,867 to $27,796 with no capital outlay. |
| New roofs and exterior paint are done across all four buildings, leaving strong physical condition with minimal near-term capex. |
| All 29 uniform 967 SF, 2-bed/1.5-bath townhomes have in-unit washer/dryer, drawing broad demand and premium rents with simple operations. |
| Assumable in-place debt at a below-market 5.19% blended rate cuts equity at closing and boosts leveraged returns from day one. |
| At 96.6% occupancy, 28 of 29 units are leased on the Aug 2026 rent roll, with no concessions and immediate income at takeover. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Sarasota/Bradenton International | 8 min | - | 3.8 mi |
| St Pete-Clearwater International | 60 min | - | 40.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 64 |
| Type: | Surface |
| Included in Rent: | Yes |
Connor Steele
CBRE
Connor Steele
CBRE
