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
Promenade Apartments
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 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
