1234 15th St - Specialty FOR SALE


Sarasota, FL 34236- Downtown Sarasota
$4,295,000 USD
941-724-2321
1234 15th St, Sarasota, FL for Sale
$4,295,000 USD
Specialty - FOR SALE
1/14
null | Request Cap Rate

1234 15th St
Sarasota, FL 34236
Downtown Sarasota


OVERVIEW

Adare Cottages is a rare, turnkey 2-story, four-unit property located in the heart of Downtown Sarasota. Built in 2025, this boutique building combines modern construction, high-end finishes, and immediate income-producing potential in one of Southwest Florida’s most desirable rental markets. Situated on a 6,174?sq?ft lot with a total living space of 3,198?sq?ft, the property features four fully furnished units, each unit is separately metered and one assigned off-street parking space, offering a total of four convenient parking spots. Unit sizes range from 782?sq?ft to 817?sq?ft, providing comfortable layouts with two bedrooms and one bathroom per unit. Each residence is designed for turnkey rental operations and includes high-end finishes and features, including: Hurricane impact windows Thermador kitchen appliances, quartz countertops, and custom tile backsplashes Solid wood cabinetry with soft-close doors, luxury engineered wood flooring, and porcelain-tiled showers In-unit LG Wash Tower washer/dryer sets and built-in closets and desk areas Plantation shutters, high ceilings, and modern designer lighting 65” 4K Smart TVs in living rooms and 55” 4K Smart TVs in master bedrooms The property also offers separate systems and infrastructure for operational efficiency: Four individual A/C units, five electrical meters, and five water meters Dedicated wireless routers in each unit Automatic sprinkler system (NFPA 13D) Ring security cameras, exterior lighting, and storage shed Outdoor amenities include beautifully landscaped grounds, cedar fencing, a permeable paver driveway with four parking spaces, and professionally installed landscape and driveway lighting. Adare Cottages represents a rare investment opportunity in Downtown Sarasota. Its prime urban location, modern construction, furnished turnkey units, and strong rental market position the property for stable cash flow, seasonal and long-term rental appeal, and long-term value growth in a high-demand coastal market.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$1,343 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

2025-04-0054

ASK ABOUT THIS PROPERTY

Kevin RobbinsHarry E. Robbins Associates, Inc.More Info
941-724-2321

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Kevin RobbinsHarry E. Robbins Associates, Inc.More Info
941-724-2321

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