2131 Montclair Dr - Apartments FOR SALE


Sarasota, FL 34231- South Sarasota
$695,000 USD
631-404-6060
2131 Montclair Dr, Sarasota, FL for Sale
$695,000 USD
Apartments - FOR SALE
1/4
null | 5% Cap Rate

2131 Montclair Dr
Sarasota, FL 34231
South Sarasota


OVERVIEW

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

$695,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

2

PRICE/UNIT

$347,500

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

2

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
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.