1234 15th St - Apartments 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
Apartments - FOR SALE
1/14
null | Request Cap Rate

1234 15th St
Sarasota, FL 34236
Downtown Sarasota


OVERVIEW

Adare Cottages is a rare, turnkey two-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 3,198 sq. ft. of total living space, the property features four fully furnished units, each separately metered, with one assigned off-street parking space per unit — four parking spots in total. Unit sizes range from 782 to 817 sq. ft., offering comfortable two-bedroom, one-bathroom layouts. 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, built-in closets, and desk areas; plantation shutters, high ceilings, and modern designer lighting; and 65" 4K Smart TVs in living rooms with 55" 4K Smart TVs in master bedrooms. The property also offers separate systems and infrastructure for operational efficiency, including four individual A/C units, five electrical meters, and five water meters; a dedicated wireless router in each unit; an automatic sprinkler system (NFPA 13D); and Ring security cameras, exterior lighting, and a 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

# OF UNITS

4

PRICE/UNIT

$1,073,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,303 SF

ZONING

NT

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.