Harmony @ Hyde Park
Sarasota Rare Mixed-Use property | 8+/-% CAP | Seller Motivated - Would like to see all offers
Marketing description
Investment Highpoints
Price Adjustment
Seller Motivated - Cash to Seller deals even more so.
❖ Step into the world of opportunity with Harmony @ Hyde Park, a
mixed-use gem located in the heart of Sarasota. This two-story
building boasts six fully-occupied multifamily rental units, 4,400 sf
of ground floor office space, and ample parking for all tenants. With
masonry/block construction and a newer roof, this property is not
just a place to invest, but a place to thrive.
❖ Dive into the potential of this investment with numerous value-add
opportunities waiting to be explored. Whether you're looking to
capitalize on live-work accommodations or seeking a solid return
on investment, Harmony @ Hyde Park offers a versatile canvas for
your financial success. The property's updates and enhancements
create a seamless transition for new ownership, ensuring a
smoother cash flow and increased desirability for tenants.
❖ Discover the allure of the Spacious 2BR/1BA apartment units, each
averaging around 900 sf with balconies. These updated units
command high rental rates, currently averaging $1,800+ per
month, offering a lucrative income stream for investors. With
tenants responsible for their electricity, this property presents a
hassle-free investment opportunity in a thriving market.
❖ Elevate your investment portfolio with ground floor office space that
is fully occupied and rented, providing a stable income stream for
savvy investors. With market rates trending higher at around $20
psfpy, the potential for increased returns is within reach. The
property's strategic location in a predominantly residential area
adds exclusivity and desirability for tenants seeking a prime
business location. NOT in a flood zone (Fema map included in this
OM)
❖ Embrace the best of both worlds as an investor with Harmony @
Hyde Park. This mixed-use property not only offers a diverse
income stream but also allows for strategic mitigation of market
fluctuations. By diversifying between office and multifamily spaces,
investors can safeguard their investment against the volatility of a
single asset class, ensuring long-term stability and profitability.
❖ Immerse yourself in the world of commercial real estate
investment with DPCRE, LLC's exclusive opportunity to own a
rare multifamily/office mixed-use property near downtown
Sarasota. With recent capital improvements enhancing the
property's appeal and functionality, this investment promises a
seamless ownership transition and a promising future of
financial growth. Don't miss out on the chance to secure your
spot in this dynamic and lucrative market.
Investment highlights
Location summary
❖ The Harmony @ Hyde Park Mixed Use Investment Property is
located at 2015 S. Tuttle Ave on the corner of Hyde Park Drive in
the city limits of Sarasota, FL. Centrally located just east of
Sarasota Memorial Hospital, in a heavy medical use corridor, the
property offers great access and visibility for clients and employees
alike.
❖ The property’s 1/2 acre corner location on Tuttle Ave and Hyde
Park Street provides both residential and office tenants easy access
and convenient thoroughfares to employment and entertainment
locations.
❖ Located near the epicenter of Sarasota, FL which provides nice
access for tenants specific to jobs, amenities, entertainment and
groceries.
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