East Avenue Apartments
Downtown Sarasota 4-Unit w/ Seller Financing | Masonry Construction
Marketing description
The Multifamily Firm is pleased to present the East Avenue Apartments, a 4-unit apartment community in a prime downtown Sarasota location, just blocks from the urban core. Being offered with favorable seller financing (see OM for details), the property features 4-units, in 2 masonry buildings, on 1 parcel totaling 0.22 acres. The property benefits from favorable Downtown Neighborhood Zoning (DTN), providing future redevelopment potential in one of Sarasota’s most desirable infill locations. Residents are positioned in a highly desirable live-work-play setting near Main Street, Payne Park, the Rosemary District, Sarasota’s Bayfront, and the Legacy Trail connection, supporting strong long-term renter demand. Additionally, buyers may have the potential to acquire the adjacent parcel, expanding the site to a combined ±0.35 acres.
View Offering Memorandum for financial info and full details!
Investment highlights
- Favorable Seller Financing w/ Potential Interest-Only Payments Available for Qualified Buyer
- 4-Units, in 2 Masonry Building, on 1 Parcel Totaling 0.22 Acres
- Rock-Solid Masonry Construction Built in 1951-76 in a NON-Flood Zone Location (Zone X)
- Favorable Downtown Neighborhood Zoning (DTN) Providing Future Re-Development Potential
- Washer/Dryer Hookups & Large Screened-In Lanai’s in One-Bedroom Units
- Potential to Acquire Adjacent Parcel, Expanding the Site to a Combined ±0.35 Acres
- Prime Downtown Sarasota Location Just Blocks from the Urban Core
- Highly Desirable Live-Work-Play Setting Near Main Street, Payne Park, the Rosemary District & Sarasota’s Bayfront
- Strong Renter Demand Drivers from Proximity to Downtown Dining, Retail, Arts, Entertainment & Major Employment Centers
- Near Payne Park / Legacy Trail Connectivity, Offering Residents Walkable Access to Outdoor Recreation
- Convenient Access to St. Armands Circle, Lido Beach & Sarasota’s Coastal Amenities via the Free Bay Runner Trolley
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