2131 Montclair Dr - Apartments FOR SALE


Sarasota, FL 34231- South Sarasota
$637,500 USD
941-444-6160
2131 Montclair Dr, Sarasota, FL for Sale
$637,500 USD
Apartments - FOR SALE
1/4
null | 7% Cap Rate

2131 Montclair Dr
Sarasota, FL 34231
South Sarasota


HIGHLIGHTS

  • Turnkey Duplex Investment Opportunity in Coveted Coquina Island, Minutes from the World-Renowned Siesta Key Beach
  • Non-Flood Zone Location w/ Vintage 1972 Masonry Construction, Providing Long-Term Durability & Lower Insurance Costs
  • Favorable Unit Mix of One, 2-Bedroom / 2-Bath Unit & One, 1-Bedroom / 1-Bath Unit
  • Both Units Uniquely Equipped w/ Attached Garages, Privately Fenced Yards & Screened-In Lanai
  • RUBS System In-Place for Water/Sewer, Effectively Recapturing Nearly 100% of the Expense & Enhancing Cash Flow
  • Prime Location Near Siesta Key Presents Significant Upside Through Implementation of a Short-Term Vacation Rental Strategy

OVERVIEW

$58K PRICE REDUCTION!! | View Offering Memorandum at MultifamilyFirm.com for Full Details!! ** Property being offered individually or as a Portfolio w/ the adjacent Duplex property (2119-2125 Montclair) *** The Multifamily Firm is pleased to present 2131 Montclair, a turnkey duplex investment opportunity located in the coveted Coquina Island, just minutes from the world-renowned Siesta Key Beach in Sarasota, Florida. Positioned in a non-flood zone, the property features vintage 1972 masonry construction, offering long-term structural durability and the potential for reduced insurance costs. The duplex boasts a favorable unit mix consisting of One 2-Bedroom, 2-Bath unit and One 1-Bedroom, 1-Bath unit. Both units are uniquely equipped with attached garages, privately fenced yards, and screened-in lanais, enhancing tenant appeal and long-term rentability. A RUBS system is already implemented for water & sewer, effectively recapturing nearly 100% of those expenses and contributing to stronger cash flow. Its prime location near Siesta Key presents significant upside through the implementation of a short-term rental strategy, further boosting income potential. Whether positioned as a pure investment or a hybrid owner-occupied opportunity, 2131 Montclair offers a savvy investor the rare chance to reside near Florida’s top-ranked beach while leveraging rental income to offset mortgage expenses. View Offering Memorandum for full details & financial information!

FOR SALE DETAILS

PRICE

$637,500 USD

PRICE/SF

$234 USD /SF

# OF UNITS

2

PRICE/UNIT

$318,750

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,658 SF

ZONING

RMF1

APN/PARCEL ID

0086-12-0010

ASK ABOUT THIS PROPERTY

Phil GinexiThe Multifamily Firm, LLCMore Info
941-444-6160

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Phil GinexiThe Multifamily Firm, LLCMore Info
941-444-6160

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