Multifamily
Phillippi Square
1860 Phillippi Shores Dr, Sarasota, FL 34231
Listing Price: $6,200,000
Cap Rate
5.78%
GRM
11.88
Investment Overview
Exceptionally well-located 28-unit waterfront apartment community in Sarasota, Florida
Investment Highlights
- Exceptionally well-located 28-unit waterfront apartment community in Sarasota, Florida
- Fully renovated, boutique high-end community constructed of concrete block
- All units feature high-end condo-grade finishes, including granite countertops with undermount sinks, stainless-steel appliances, and wood-look vinyl-plank flooring
- Turnkey with upside – 18% increase in EGI achievable by End of Year Two via unit-interior enhancements and amenity upgrades
- New TPO roofs and HVAC systems in 2018/2019
- Freshly re-sealed & striped parking area and lush landscaping throughout
- Sparkling swimming pool, sundeck, grilling station and pet park
- On-site laundry facility
Exclusively Listed By
Financing By
Investment Highlights
- Exceptionally well-located 28-unit waterfront apartment community in Sarasota, Florida
- Fully renovated, boutique high-end community constructed of concrete block
- All units feature high-end condo-grade finishes, including granite countertops with undermount sinks, stainless-steel appliances, and wood-look vinyl-plank flooring
- Turnkey with upside – 18% increase in EGI achievable by End of Year Two via unit-interior enhancements and amenity upgrades
- New TPO roofs and HVAC systems in 2018/2019
- Freshly re-sealed & striped parking area and lush landscaping throughout
- Sparkling swimming pool, sundeck, grilling station and pet park
- On-site laundry facility
Investment Overview
Exceptionally well-located 28-unit waterfront apartment community in Sarasota, Florida
Exclusively Listed By
Financing By

