2029 Sandrala Dr - Apartments FOR SALE


Sarasota, FL 34231- South Sarasota
$925,000 USD
727-251-5953
2029 Sandrala Dr, Sarasota, FL for Sale
$925,000 USD
Apartments - FOR SALE
1/9
null | 6.46% Cap Rate

2029 Sandrala Dr
Sarasota, FL 34231
South Sarasota


HIGHLIGHTS

  • Desirable Unit Mix | 100% Two-Bedroom Units w/ Separate Laundry Rooms & Washer/Dryer Hookups
  • Major Capital Improvements | All Central AC’s Recently Replaced (Two in 2024, Two in 2022) and One Roof Replaced in 2024
  • Turnkey Mechanical & Structural Systems | All Electrical Subpanels Replaced in 2021 and PVC Sewer Drain Line Replacement in 2006
  • Non-Flood Zone Location | Less Than 10-Minutes to Siesta Key Beach | Opportunity to Maximize Income Through Seasonal Vacation Rental Strategy
  • All Units Paying Monthly Water/Sewer Reimbursement Fees in Addition to Rent; Electric Paid Directly by Tenants
  • Vintage 1971-72 Solid Masonry Construction on 1 Large Parcel Totaling 0.37 Acres

OVERVIEW

VIEW OFFERING MEMORANDUM FOR FINANCIAL INFO & DETAILS - Access via Links Section Below or at MultifamilyFirm.com (Electronic CA Required) The Multifamily Firm is pleased to present The Sandrala Apartments, a 4-unit multifamily asset located less than 10 minutes from Siesta Key in Sarasota, FL. Featuring all two-bedroom units with in-unit laundry hookups, the property has undergone significant capital improvements including all central A/C systems replaced (2024 & 2022), one roof replaced in 2024, upgraded electrical subpanels (2021), and PVC sewer lines (2006). Located outside the flood zone on a large 0.37-acre parcel, all tenants pay water/sewer reimbursements in addition to rent, with electric paid directly. The property is ideally positioned within minutes of both Siesta Key bridge entrances, offering strong long-term rental potential with additional upside through seasonal vacation rentals.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

4

PRICE/UNIT

$231,250

CAP RATE

6.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Sandrala Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,000 SF

ZONING

RSF-3

APN/PARCEL ID

0075-12-0005

ASK ABOUT THIS PROPERTY

Kyle KeelanThe Multifamily Firm, LLCMore Info
727-251-5953

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Kyle KeelanThe Multifamily Firm, LLCMore Info
727-251-5953

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