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Multifamily

The Rialto Venice

1 Plaza Mayor, Venice, FL 34285

Listing Price: $6,000,000

Cap Rate
4.62%
Number of Units
37
Price/Unit
$162,162
Price/Gross SF
$190.78
Gross SF
31,450

Investment Overview

A 37-unit apartment community located in Venice, Florida

Investment Highlights

  • Favorable mix of all two-bedroom units
  • Highly desirable location on the Island of Venice
  • Over 80% of the units feature vinyl plank flooring throughout, stainless steel appliances with new cabinetry, granite countertops, and updated bathrooms
  • Masonry construction throughout with a new roof replaced in 2017
  • All units individually metered for both water/sewer and electric utility usage
  • Common area amenities include garden-style balconies and an on-site laundry facility

Exclusively Listed By

Listing Price: $6,000,000

Cap Rate
4.62%
Number of Units
37
Price/Unit
$162,162
Price/Gross SF
$190.78
Gross SF
31,450

Investment Highlights

  • Favorable mix of all two-bedroom units
  • Highly desirable location on the Island of Venice
  • Over 80% of the units feature vinyl plank flooring throughout, stainless steel appliances with new cabinetry, granite countertops, and updated bathrooms
  • Masonry construction throughout with a new roof replaced in 2017
  • All units individually metered for both water/sewer and electric utility usage
  • Common area amenities include garden-style balconies and an on-site laundry facility

Investment Overview

A 37-unit apartment community located in Venice, Florida

Exclusively Listed By

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