103 W Shell Point Rd - Apartments FOR SALE


Ruskin, FL 33570
$850,000 USD
813-387-4708
103 W Shell Point Rd, Ruskin, FL for Sale
$850,000 USD
Apartments - FOR SALE
1/2
null | 8.36% Cap Rate

103 W Shell Point Rd
Ruskin, FL 33570


HIGHLIGHTS

  • Strategically Located off US-41 in Ruskin, FL with Immediate Cash Flow and High-Demand Due to Limited Apartments Within A 5-Mile Radius
  • Brand new roof (2025), HVAC units (2025), Dry-Wall, and Interior Improvements
  • 5 Minute Drive to Bahia Beach and Beach-Side Restaurants

OVERVIEW

Marcus & Millichap, as exclusive listing agent, is pleased to present a rare 6-unit multifamily investment opportunity ideally located off US-41 in Ruskin, Florida.   Located at 103 W. Shell Point Rd, this unconventional asset was constructed in 1978 using durable concrete block construction. The one-story building sits on a 0.27-acre lot and offers approximately 2,994 square feet of rentable living space. The property features two (2) three-bedroom / two-bathroom apartments, and four (4) one-bedroom/one-bathroom studio apartments, catering to strong demand from the local renter demographic. PD Zoning: While the properties current layout is designed for multifamily use, the PD zoning offers the flexibility and potential to convert a portion of the property to office/commercial upon takeover. This property is one of few multi-family apartment buildings within a 5-mile radius which attracts both residents and investors as revitalization efforts further enhance the Ruskin area. This property presents a compelling value-add opportunity as well. The market is characterized by limited competition for similar vintage product in this desirable location, creating a clear path for rental growth. This offering represents an outstanding opportunity to acquire a well-located asset with current cash flow and immediate value-add potential in one of Southwest Florida’s most dynamic and evolving submarkets.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

8.36%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,318 SF

ZONING

PD

APN/PARCEL ID

U-06-32-19-1V6-000000-01102.0

ASK ABOUT THIS PROPERTY

Roman DegliantoniMarcus & MillichapMore Info
813-387-4708

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Roman DegliantoniMarcus & MillichapMore Info
813-387-4708

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.