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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.