2119-2131 Montclair Dr - Apartments FOR SALE


Sarasota, FL 34231- South Sarasota
$1,950,000 USD
631-404-6060
2119-2131 Montclair Dr, Sarasota, FL for Sale
$1,950,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2119-2131 Montclair Dr
Sarasota, FL 34231
South Sarasota


HIGHLIGHTS

  • Non-Flood Zone Location (Zone X) minutes from Siesta Key, Ranked Florida’s #1 Beach & the #2 Beach in the U.S. (2024 TripAdvisor's Awards)
  • Superior 2007 Masonry Construction w/ Individually Parceled Units & Common Area; Ability to Sell Individually as Condos (2119-2125)
  • Two, 3-Bed / 2.5-Bath Townhome Style Units (2,036 SF), BOTH w/ Private Swimming Pools, Attached Two-Car Garages, Screened-In Lanai/Patios & Yards
  • One-of-a-Kind Multifamily Asset w/ Highly Favorable Unit Mix & Significantly Reduced Operating Expenses w/ All Utilities Paid by Tenants
  • 5-Minutes from the Siesta Promenade Project by Benderson Development and just 10-Minutes from Downtown Sarasota
  • Tremendous Opportunity to Capitalize on the Proximity to Siesta Key by Repositioning the Asset to Vacation Rentals

OVERVIEW

** View OFFERING MEMORANDUM at MultifamilyFirm.com for Full Details & Financial Info! ** The Multifamily Firm is pleased to present Montclair Villas, a one-of-a-kind multifamily asset located in the hidden gem community of Coquina Island, just minutes from Siesta Key Beach, ranked Florida’s #1 beach and the #2 beach in the U.S. by TripAdvisor's 2024 Awards. This unique investment opportunity features four units across two masonry buildings on adjacent parcels totaling 0.49 acres in a non-flood zone (Zone X), substantially reducing insurance costs. The property includes 2119-2125 Montclair, a superior 2007 masonry construction with separately parceled units and common area, providing the flexibility to sell individually as condos. Both 3-bedroom, 2.5-bathroom townhome-style units offer private swimming pools, attached garages, screened-in lanais/patios, and private yard areas. Additionally, 2131-2137 Montclair is a masonry duplex featuring a 2-bedroom, 2-bath unit and a 1-bedroom, 1-bath unit, each with separate garages, screened-in lanais/patios, and private yards. With all utilities paid by tenants, operating expenses are significantly reduced. Each unit is separately metered for electricity, with water/sewer separately metered in 2119-2125 and a RUBS system utilized in 2131-2137 Montclair. Montclair Villas presents a tremendous opportunity to capitalize on its proximity to Siesta Key Beach by repositioning the asset as vacation rentals, maximizing rental income potential in this highly sought-after coastal market.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

4

PRICE/UNIT

$487,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montclair Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

RMF1

APN/PARCEL ID

0086-12-1001

ASK ABOUT THIS PROPERTY

Phil GinexiThe Multifamily Firm, LLCMore Info
631-404-6060

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Phil GinexiThe Multifamily Firm, LLCMore Info
631-404-6060

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