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Multifamily

Promenade Apartments

1045 Cocoanut Ave, Sarasota, FL 34236

Listing Price: Request For Offer

Number of Units
29
Gross SF
16,182

Investment Overview

29-unit apartment community located in Sarasota, Florida

Investment Highlights

  • 29-unit apartment community located in Sarasota, Florida
  • Rare opportunity to purchase in the class "A" location of downtown Sarasota
  • In-place rents approximately $161 per unit below market
  • Substantial exterior greenspace allows for future amenity additions such as a pool or dog-run
  • Elevator allows for easy access to the second and third floors
  • Offers the ability for a future condominium conversion
  • Concrete block construction with concrete sub-flooring and a pitched roof
  • Adjacent to a Publix-anchored shopping center, providing convenient access to shopping necessities

Exclusively Listed By

Financing By

Multifamily

Promenade Apartments

Listing Price: Request For Offer

Number of Units
29
Gross SF
16,182

Investment Highlights

  • 29-unit apartment community located in Sarasota, Florida
  • Rare opportunity to purchase in the class "A" location of downtown Sarasota
  • In-place rents approximately $161 per unit below market
  • Substantial exterior greenspace allows for future amenity additions such as a pool or dog-run
  • Elevator allows for easy access to the second and third floors
  • Offers the ability for a future condominium conversion
  • Concrete block construction with concrete sub-flooring and a pitched roof
  • Adjacent to a Publix-anchored shopping center, providing convenient access to shopping necessities

Investment Overview

29-unit apartment community located in Sarasota, Florida

Exclusively Listed By

Financing By

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