2119-2131 Montclair Dr - Apartments FOR SALE


Sarasota, FL 34231- South Sarasota
$1,200,000 USD
631-404-6060
2119-2131 Montclair Dr, Sarasota, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/10
null | 5% Cap Rate

2119-2131 Montclair Dr
Sarasota, FL 34231
South Sarasota


HIGHLIGHTS

  • Property Includes 3 Legal Parcels – Two for the Units & One for Common Area – Providing the Potential for a Future Condo Exit Strategy
  • Superior 2007 Masonry Construction Situated in a Non-Flood Zone, Offering Long-Term Durability & Lower Insurance Costs
  • Spacious Townhome-Style Units w/ 3-Bd / 2.5-Ba units, Each w/ Private Swimming Pool, Attached Two-Car Garage, Screened Patio & Private Yard
  • Utilities Separately Metered & Paid by Tenants, Significantly Reducing Expenses & Improving Cash Flow
  • Clever Opportunity to Live in a Highly Demanded Community & Leverage Rents to Pay Mortgage & Build Equity
  • Located in Close Proximity to Siesta Key, Creating Strong Potential for Conversion to Short-Term Vacation Rental Use to Maximize Revenue

OVERVIEW

The Multifamily Firm is pleased to present 2119-2125 Montclair, a premier investment opportunity located in the quietly desirable enclave of Coquina Island, just minutes from Siesta Key Beach in Sarasota, Florida. Built in 2007 with durable masonry construction and situated in a non-flood zone, the property consists of two spacious, townhome-style units, each featuring 3-Bedrooms, 2.5-Bathrooms, a private swimming pool (one screened-in), a two-car garage, a screened patio, and a private yard. The design offers a single-family home feel with the efficiency and scale of multifamily ownership. From an operational standpoint, all utilities are separately metered and paid directly by tenants, significantly reducing owner expenses and improving overall cash flow. The property’s layout consists of three separate parcels: two individually deeded parcels for the residential units and a third parcel for the shared common area. This configuration gives investors strategic flexibility to hold the asset as a traditional duplex or pursue a condo exit strategy by selling the units individually. Given its close proximity to Siesta Key, the property is also well-positioned for short-term vacation rental use, presenting multiple paths to maximize returns. With quality construction, minimal overhead, and built-in optionality, 2119-2125 Montclair offers an ideal blend of lifestyle appeal and long-term investment upside. View Offering Memorandum for full details & financial information at MultifamilyFirm.com

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

2

PRICE/UNIT

$600,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2119-2125 Montclair

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RMF1

APN/PARCEL ID

-

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.