1901 & 1905 Morrill St - Apartments FOR SALE


Sarasota, FL 34236- Downtown Sarasota
$2,595,000 USD
941-812-5057
1901 & 1905 Morrill St, Sarasota, FL for Sale
$2,595,000 USD
Apartments - FOR SALE
1/23
null | 3.26% Cap Rate

1901 & 1905 Morrill St
Sarasota, FL 34236
Downtown Sarasota


OVERVIEW

Introducing a prime investment opportunity in the coveted Sarasota, FL area! This meticulously maintained 4,486 SF building, comprised of 4 units, presents a lucrative prospect for the discerning Multifamily / Single Family Rental Portfolio investor. Built in 1949 and fully renovated in 2022, this property boasts modern amenities while retaining its timeless charm. Strategically zoned DTE, it offers versatility and potential for expansion. With 100% occupancy, this turnkey investment promises immediate cash flow and long-term growth potential. Seize this exceptional chance to add a well-positioned and well-maintained property to your rental portfolio in this high-demand market. Completely renovated inside and out 4 high-end residential units totaling 4,486 SF Two-story Residence Separate Duplex Guest cottage Exquisitely restored in 2022/2023 Hardi-Plank siding Oversized impact windows and sliding doors Luxury vinyl plank flooring Crown molding Prime Sarasota, Siesta Key, Longboat Key location Fully occupied with premium tenants Modern amenities and upscale finishes Historic charm with contemporary elegance

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$639 USD /SF

# OF UNITS

4

PRICE/UNIT

$648,750

CAP RATE

3.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1901-1905-1909-1911 Morrill St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

DTE

APN/PARCEL ID

2027-08-0058,2027-08-0060

ASK ABOUT THIS PROPERTY

Elliot RoseColdwell Banker Commercial RealtyMore Info
941-812-5057

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Elliot RoseColdwell Banker Commercial RealtyMore Info
941-812-5057

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