Multifamily
Echo on Eighth
785 N Osprey Ave, Sarasota, FL 34236
Listing Price: $5,400,000
Cap Rate
6.16%
Number of Units
23
GRM
10.76
Price/Unit
$234,783
Investment Overview
Meticulously renovated, 23-unit property located in one of the most sought-after submarkets in Sarasota, FL
Echo on Eighth
Investment Highlights
- Meticulously renovated, 23-unit property located in one of the most sought-after submarkets in Sarasota, FL
- Nearly $1.3 million in capital improvements put into the property since 2022, including but not limited to: all new roofs, windows, parking lot, electrical, plumbing and significant unit renovations
- Echo on Eighth consists of all two-bedroom units which have been fully renovated, each unit includes stackable washers/dryers
- Located across the street from Gillespie Park, within walking distance to Downtown Sarasota and a quick drive to renowned St. Armands, Siesta Key and Long Boat Key
- Strategically located in a high-demand submarket, ensuring sustained occupancy through immediate proximity to employment and entertainment hubs, regional transit corridors and Tier-1 educational institutions
- Each unit is individually parceled giving a buyer multiple options on an exit
- Area median income of $106,100 (Fannie Mae)
- Not located in a high risk flood zone
Exclusively Listed By
Financing By
Listing Price: $5,400,000
Cap Rate
6.16%
Number of Units
23
GRM
10.76
Price/Unit
$234,783
Investment Highlights
- Meticulously renovated, 23-unit property located in one of the most sought-after submarkets in Sarasota, FL
- Nearly $1.3 million in capital improvements put into the property since 2022, including but not limited to: all new roofs, windows, parking lot, electrical, plumbing and significant unit renovations
- Echo on Eighth consists of all two-bedroom units which have been fully renovated, each unit includes stackable washers/dryers
- Located across the street from Gillespie Park, within walking distance to Downtown Sarasota and a quick drive to renowned St. Armands, Siesta Key and Long Boat Key
- Strategically located in a high-demand submarket, ensuring sustained occupancy through immediate proximity to employment and entertainment hubs, regional transit corridors and Tier-1 educational institutions
- Each unit is individually parceled giving a buyer multiple options on an exit
- Area median income of $106,100 (Fannie Mae)
- Not located in a high risk flood zone
Investment Overview
Meticulously renovated, 23-unit property located in one of the most sought-after submarkets in Sarasota, FL
Exclusively Listed By
Financing By
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