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2720-2750 Hope St
Sarasota, FL 34231 South Sarasota

$2,100,000 USD

Apartments For Sale  •  7,994 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,994 SF
  • Lot Size 0.74 AC
  • Building Class C
  • Year Built 1980
  • Cap Rate 6.85 %
  • Tenancy Multiple
  • Zoning RMF-3
0 Transit Score
45 Walk Score

Highlights

Attractive light value-add opportunity with significant upside via the potential to convert garages into income-generating storage units.
Non-Flood Zone location (Zone X) significantly reducing insurance expenses and ideally located less than 10 minutes from Downtown Sarasota.
Rock-solid 1980-87 masonry construction with on-site coin-operated laundry and a large garage area.
Interior updates in eight units including new kitchen cabinets, granite countertops, bathroom vanities and showers, and new flooring.
Features a distinctive two-bed/ two-bath unit, a former owner's suite, a spacious screened-in lanai, and a generous private backyard.
In a prime location just 10 minutes from Siesta Key, recognized as Florida’s #1 best beach and #2 beach in the USA by TripAdvisor's 2024.

Property Flyers

Cap Rate: 6.85 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Fenced Lot
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Yard
  • Storage Space
  • Breakfast Nook
  • Freezer
  • Patio
  • Vinyl Flooring
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Sarasota/Bradenton International 20 min - 10.2 mi
Punta Gorda 61 min - 49.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Phil Ginexi 941-444-6160 The Multifamily Firm, LLC
Phil Ginexi 941-444-6160 The Multifamily Firm, LLC