Legacy Trail Apartments
Extensive Renovations
Marketing description
PRICE REDUCTION
The Multifamily Firm is pleased to present the Legacy Trail Apartments, a 16-unit apartment community in Sarasota County, Florida, minutes from Downtown Venice & Casey Key. Offered with attractive assumable financing consisting of interest-only payments through September 2027, the property has undergone extensive property-wide capital improvements, including interior renovations to 15 of the 16 units, upgraded with city water connections, new septic systems, lift stations, drain fields and much more! Situated on 1.65 acres, the property features rock-solid masonry construction with metal roofs on 6 buildings and a favorable unit mix of 75% Two/Three-Bedroom units equipped with washer/dryer hookups. The Legacy Trail apartments are situated just steps from the Legacy Trail and minutes from Downtown Venice, Nokomis Beach, Venice Beach & Casey Key. Additionally, the property is just 8-minutes from the New Sarasota Memorial Hospital-Venice Campus; an new expansion site by Sarasota County’s largest employer; Sarasota Memorial Hospital.
View Offering Memorandum for Full Details on Assumable Loan and Financials!
Investment highlights
$150K PRICE REDUCTION
NON-Flood Zone Location (FEMA Approved LOMA Request) - Floor Insurance No Longer Required by Lender
Attractive Assumable Financing w/ Interest-Only Payments Through Sept 2027 (See OM for Details)
Massive Property-Wide Capital Improvements Completed in Last 3-Years, Including Interior Renovations to 15 of the 16-Units
Nearly All Units Paying Monthly Utility Reimbursement Fees on Top of Rent
Recently Connected to City Water & New Septic Tanks, Lift Stations & Drain Fields
Buildings Located in “Zone X” (Outside of Flood Zone) and Flood Coverage Requirement in the Process of being Removed
Favorable Unit Mix of 75% Two/Three Bedroom Units w/ Washer/Dryer Hookups
Spacious Screen-In Patios in Two-Bedroom Units, Convertible to an Extra Bedroom or Personal Office
Rock-Solid Concrete Block Construction with Sturdy Metal Roofs on 6 Buildings
Newly Added Community Amenities Including a BBQ/Picnic Bench Area, Dedicated Pet Play Area w/ Waste Stations & Convenient Storage Units
Prime Location just steps from the Legacy Trail, and Mins from Downtown Venice, Nokomis & Venice Beach & Casey Key
8-Mins from the New Sarasota Memorial Hospital-Venice; Largest Employer in Sarasota County (SMH)
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