The property consists of 16 total units, in 8 solid masonry buildings, on one parcel of approximately 1.65 acres of land and is ideally positioned within 10 minutes of Casey Key, Venice Beach, Nokomis Beach & Main Street on Venice Island. The property features a favorable unit mix of 75% Two Bedroom units with washer/dryer hookups in all units and all Two Bedroom units are equipped with a large screened-in lanai. Six of the buildings are fitted with metal roofs and two buildings with shingle roofs. The property sits within steps of the new Legacy Trail extension that is currently in progress, and will connect Downtown Sarasota, Venice and North Port. Additionally, within a 3-5 mile radius of the subject property there is a new Sarasota Memorial Hospital Development currently in progress, as well as a New Amazon Distribution Center. All said, the property is an excellent value-add opportunity with strong upside potential by implementing a strategic interior renovation! Please view the property Offering Memorandum for full details including financials.
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