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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

Multifamily

Phillippi Square

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

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