102 Palmetto Rd East - Apartments FOR SALE
Nokomis, FL 34275 |
102 Palmetto Rd East
Nokomis, FL 34275
HIGHLIGHTS
- Recently Upgraded Multifamily Asset Ideally Situated Between Downtown Sarasota and Downtown Venice
- High Demand Rental Market With Only 94 Total Multifamily Units (Bay Point Accounts for 14% of the Total Multifamily Units in Nokomis Market)
- $350+ In Rental Upside if Annual Leasing Operations Continue
- Year-2 Cash-on-Cash Return of 10.62% Through Light Unit Renovations and Annual Leases
- $1,000+ in Rental Upside if Operations Convert to Seasonal Rentals
- Year-2 Cash-on-Cash Return of 20.33% Through Light Unit Renovations and Unit Furnishings Upon Converting Operations to Seasonal Rentals
FOR SALE DETAILS
PRICE
-
# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Bay Point Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
5732
STORIES
1
YEAR BUILT
1958
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
0172-01-0024
