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3001 BEE RIDGE RD Sarasota FL 34239-7141

[Locked] • APN 0059140003

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 29,536
Lot SqFt 54,000
Acreage ******
Number of Units 48
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code RMF-4
Year Built 1964
Building Count 2
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Multifamily
Marketing Description
NAI Tampa Bay is proud to present the exclusive right of sale for the Ridge Garden Apartment complex in Sarasota Florida. Ridge Garden consists of 48 total units, in two buildings, on one parcel of land. Both buildings at the complex were built in 1964, with solid concrete block construction on the first & second floor. The unit mix for the complex features, Six, 2 bedroom / 1 bathroom units, and Forty-two, 1 bedroom / 1 bathroom units. 


Over the last two years, Ridge Garden has undergone an extensive renovation to the interior and exterior of the property. Of the 48 total units, 26 have been fully upgraded, 6 have been partially upgraded, and 5 are in the process of being fully upgraded. Partially upgraded units were equipped with full mirror by-pass closet doors in the hallway & bedroom, new floors as needed, and new bathroom vanities & faucets. The process for fully upgraded units consists of new flooring throughout, new kitchen countertops, cabinets, crown molding, sinks, faucets, backsplash tile, refrigerator, stove & microwave, new wall AC units with heat, new sliding door vertical blinds & mini blinds, new sliding screen door, new bedroom & bathroom doors, new mirror closet doors for bedroom & hallway, new bathroom tub, faucet, shower head, tile-ceramic shower wall, sink, vanity, cubby & medicine cabinets, toilet, and new light fixtures throughout.

The current in place on-site management team has played an instrumental role in the efficiency of renovating and transforming the property into what it has become. The team consists of two individuals, which live on-site, and handle the property as if it were their own. One of the team members, personally handles and oversees all aspects of the interior unit upgrades. This individual has a wealth of knowledge in the renovation process, and can personally handle & execute just about all aspects of the interior upgrades. In addition, he is also a licensed Florida security guard, and a certified Armstrong Floor Installer.


Investment Highlights
  • Extensive and continuous renovation to the interior and exterior of the property over the last two years.
  • Excellent Central Sarasota location; positioned directly between Rt 41/Tamiami Trl and Interstate 75; within 4 miles of Siesta Key, and Downtown Sarasota. 
  • Fifty-four percent of the property has been fully upgraded, with additional ten percent currently being upgraded, and thirteen percent already partially upgraded.
  • Outstanding on-site property management team, that provides a turn-key situation for a investor to step in and continue with property upgrades.
  • Ideally positioned on Bee Ridge Rd, one of the area’s primary east/west thoroughfares with an average dialing traffic count of +44,000 vehicles
Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Relationship Type
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Mortgage Recording Date
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Mortgage Maturity Date
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Mortgage Term
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Document Number
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Document Type
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Mortgage Interest Rate
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Mortgage Loan Type
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Mortgage Lender Name
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Mortgage Adjustable Rate Index
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Loan Amount
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Mortgage Change Index
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Mortgage Document Date
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Mortgage Document Number
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Mortgage Estimated Interest Rate Indicator
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Mortgage First Change Date Year
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Sales Price Code
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Transaction Type
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Seller 1 Name
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Transfer Tax
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Seller 2 Corp Indicator
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Seller 2 Name
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Sold By
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Sold To
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Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
PG
Phil Ginexi PRO
•••.•••.6160
Phil@•••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
KK
Kyle Keelan PRO
•••.•••.5953
Kyle@•••••••••••••••.com
Brokerage logo

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