Great income producing opportunity with the Oak Vista Apartments in Sarasota Florida just a few miles from the heart of downtown and I-75. Oak Vista consists of 10 total units, 5 duplexes with a 1bd/1ba unit on each side, on 1 parcel of land. Conveniently located close to public transportation just north of Fruitville Road near McIntosh Road in a nice residential community. Given its closeness to downtown Sarasota, the property is has a very high demand for tenants with short vacancies and thus has significant income potential. Over the past year, ownership has done an excellent job of enhancing the curb appeal of the property, as well as addressing deferred maintenance items. Some of the work completed includes exterior paint, new roofs, updated fencing, and landscape improvements. Five units have been completely remodeled in the last year and the rest are in good condition. No immediate work is needed. There is currently a reputable property management in place so this can be an easy turn-key investment opportunity. All said, the Oak Vista Apartments offering presents an exceptional value-add opportunity, in a submarket with explosive growth and proven rental demand. Seller currently owns other multifamily properties in the surrounding area and is open to a bulk portfolio sale. Possible owner financing available please call for more info.
|DAYS ON MARKET||45||LAST UPDATED||7/10/2020|
|TRACT||SIMMONS SUB||YEAR BUILT||1954|
|COMMUNITY||34232 - Sarasota/Fruitville||COUNTY||Sarasota|
|STATUS||Pending||PROPERTY TYPE(S)||Residential Income|
|AREA||34232 - Sarasota/Fruitville|
|GARAGE||Driveway, Guest, Off Street, Reserved|
|INTERIOR||Ceiling Fans(s), Eating Space In Kitchen, Master Bedroom Downstairs|
|LOT DESCRIPTION||In County, Street Paved|
|MASTER ON MAIN||Yes|
|UTILITIES||Cable Connected,Electricity Connected|
TOTAL MONTHLY PAYMENT
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