Apartments For Sale • 14,411 SF
| Assumable Financing at 5.19% Interest Rate w/ Interest-Only Payments Through Sept 2027. Fixed Rate at 5.19% to 2032 (30-yr Amortization after I/O) |
| Rare Opportunity to Assume Loan Near a 75% LTV at at Below Market Rate | +10% Cash-on-Cash Return at List Price |
| NON-Flood Zone | Flood Insurance NOT Required by Lender | Massive Property-Wide Capital Improvements Completed in Last 3-Years |
| Favorable Unit Mix | Spacious Screen-In Patios, Convertible to an Extra Bedroom or Personal Office | Masonry Construction |
| Utility Reimbursement Fees Paid by Nearly All Units | Recently Connected to City Water and New Septic Tanks, Lift Stations & Drain Fields |
| 8-Mins from the New Sarasota Memorial Hospital-Venice; Largest Employer in Sarasota County (SMH) | Mins from Downtown Venice, Nokomis & Venice Beach |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Sarasota/Bradenton International | 40 min | - | 22.4 mi |
| Punta Gorda | 49 min | - | 38.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 32 |
| Type: | Surface |
| Included in Rent: | Yes |