Listed by Coldwell Banker
Unpriced
5-Property Investment Portfolio
Details
Property Type Retail, Multifamily
Sub Type Single Family Rental Portfolio
Cap Rate 8.00%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Year Built 2023, 2024
Year Renovated 2024
Buildings 4
Stories 1
Zoning RMF
Investment Type Owner/User
Ground Lease No
Sale Condition N/A
100% Leased Newer Block Construction in Opportunity Zone
Marketing description
Turnkey 2024 construction portfolio with stabilized income and upside potential. Immediate upside potential in opportunity zone, high demand Sarasota rental corridor.
Investment highlights
5093 Barrington Circle #1801 (condo)
- 2 Bed / 2 Bath Condo – 1,078 SF
- Rental Income: $2,050/month ($24,600 annual)
- Annual Taxes: $2,525
- HOA: $7,188/year (includes insurance)
- Tenant Pays: Water & Electric
- NOI: $14,887
- Cap Rate: 7.4%
2932 Gillespie Ave
- 2023 Block Construction | 4 Bed / 2 Bath | 1,215 SF
- Rental Income: $2,350/month ($28,200 annual)
- Annual Taxes: $4,150
- Insurance: $1,000
- NOI: $23,050
- Cap Rate: 6.5%
2937 Gillespie Ave
- 2023 Block Construction | 4 Bed / 2 Bath | 1,215 SF
- Rental Income: $2,295/month ($27,540 annual gross)
- Annual Taxes: $4,150
- Insurance: $1,000
- NOI: $22,930
- Cap Rate: 6.4%
1728 36th Street
- 2024 Block Construction | 4 Bed / 2 Bath | 1,215 SF
- Rental Income: $3,200/month ($38,400 annual)
- Annual Taxes: $4,235
- Insurance: $1,300
- Utilities (Owner Paid): $4,200/year
- NOI: $28,659
- Cap Rate: 8.2%
1734 36th Street
- 2024 Block Construction | 4 Bed / 2 Bath | 1,215 SF
- Rental Income: $2,050/month ($24,600 annual)
- Annual Taxes: $4,235
- Insurance: $1,300
- NOI: $19,065
- Cap Rate: 5.4%
Listing Contacts
Listed by Coldwell Banker
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