Property History
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.
- 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
Loan History
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