Tropical Redwood Villas in Sarasota
Tropical Redwood Villas in Sarasota | 6 Units | Masonry | (4) Two Bdrm/Two Bath units | Remodeled
Marketing description
Dreznin Pappas Commercial Real Estate, LLC is pleased to present the Tropical Redwood Villas, a favorable value-add opportunity just a short walk to Siesta Key Beach and steps from the new Siesta Promenade. The property features 6 units across 3 solid masonry buildings with a desirable unit mix of two-bedroom and one-bedroom apartments, separately metered utilities, and on-site laundry. With favorable RMF-4 zoning and significant upside potential, this asset offers investors a rare chance to own in one of Sarasota’s most preferred coastal markets.
Exceptional Unit Mix of 67% Large Two-Bed / Two-Bath Units & 33% One-Bed / One-Bath Units
All Two-Bedroom Units Separately Metered for Water & Electric w/ Tenants Paying Direct to Utility Provider
Equipped w/ Coin-Operated Community Laundry Room, Storage Shed & Storage Space
Abundant Off-Street Parking with Dedicated Spaces for Each Unit
Investment highlights
2-Minute Walk from the highly anticipated Siesta Promenade, a 24-Acre Mixed-Use Development by Benderson
Consists of 6 Units in 3 Rock-Solid Masonry Buildings on 1 Parcel Totaling 0.37 Acres
Half Mile Walk to Public Beach Access 12 w/ Connected to Siesta Key Beach
Strikingly Located “West of the Trail” (US-41) w/ Favorable RMF-4 Zoning
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