941-961-8199
1630 Redwood St, Sarasota, FL for Sale
Apartments - FOR SALE
1/34
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1630 Redwood St
Sarasota, FL 34231
South Sarasota


HIGHLIGHTS

  • Apex Unit Mix of 67% Large Two-Bed / Two-Bath Units & 33% One-Bed / One-Bath Units
  • All Two-Bedroom Units Separately Metered for Water & Electric w/ Tenants Paying Direct to Utility Provider
  • Strikingly Located “West of the Trail” (US-41) w/ Favorable RMF-4 Zoning

OVERVIEW

Dreznin Pappas Commercial Real Estate, LLC is pleased to present the Tropical Redwood Villas, a favorable value-add opportunity just a short walk to Siesta Key Beach and steps from the new Siesta Promenade. The property features 6 units across 3 solid masonry buildings with a desirable unit mix of two-bedroom and one-bedroom apartments, separately metered utilities, and on-site laundry. With favorable RMF-4 zoning and significant upside potential, this asset offers investors a rare chance to own in one of Sarasota’s most preferred coastal markets. Exceptional Unit Mix of 67% Large Two-Bed / Two-Bath Units & 33% One-Bed / One-Bath Units All Two-Bedroom Units Separately Metered for Water & Electric w/ Tenants Paying Direct to Utility Provider Equipped w/ Coin-Operated Community Laundry Room, Storage Shed & Storage Space Abundant Off-Street Parking with Dedicated Spaces for Each Unit 2-Minute Walk from the highly anticipated Siesta Promenade, a 24-Acre Mixed-Use Development by Benderson Consists of 6 Units in 3 Rock-Solid Masonry Buildings on 1 Parcel Totaling 0.37 Acres Half Mile Walk to Public Beach Access 12 w/ Connected to Siesta Key Beach Strikingly Located “West of the Trail” (US-41) w/ Favorable RMF-4 Zoning

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

6

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Siesta Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

RMF4

APN/PARCEL ID

0104-13-0017

ASK ABOUT THIS PROPERTY

Sean DrezninDreznin Pappas Commercial Real Estate LLCMore Info
941-961-8199

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Sean DrezninDreznin Pappas Commercial Real Estate LLCMore Info
941-961-8199

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