Apex Investment Highlights ? Carribean Manor is a concrete block constructed complex in a highly desired area of Sarasota. They don't make them like this anymore. 16 Total Units in Two (2) Eight (8) Unit Buildings on separate parcels. ? For further information, communications with the listing agent and an executed CA will be required. Prospective Purchasers are encouraged to drive-by the subject properties prior to submitting offers. However, all property tours must be arranged with the exclusive Dreznin Pappas Commercial Real Estate agents. At no time shall the tenants, on-site management or staff be contacted without prior approval. ? Substantial & Impactful improvements, include; New Shingle Roofs in 2024 Both buildings exteriors painted in modern style. Newer Electrical main-disconnect breaker panel for each of the 16 units. Parking lots sealed and striped (Asphalt) and parking blocks painted. Newer Landscaping & Trees. PVC privacy fencing. ? Continued improvements and renovations; New Gutters, new fencing around refuse containers. Fresh painting of upper deck sidewalks, stairs and first level sidewalks. Onsite Laundry for tenants convenience. ? Additional notable renovations include; Both buildings are now hooked up to county Sewer (owner pays for service - not individually metered). There is a single water well (behind South Building) which services both properties and is tested & maintained monthly. (provided by ownership) ? Additional notable renovations include; Newer Vinyl Windows in most units or completely refurbished and upgraded windows. New shrubbery in front of stairway areas and trees trimmed ? All 16 units have been renovated and remodeled over the past 5 years and include such amenities and upgrades as; Tile Flooring throughout all units. New kitchens and kitchen cabinets. New Split-system A/C-Heating units replacing the former through the wall/window units. ? Some additional renovations and upgrades continued; New appliances, new bathroom vanities, new toilets, new kitchen lighting, new bathroom lighting, new hall lighting, new blinds, new water heaters. GFI protected outlets installed in kitchens and bathrooms, new smoke alarms. ? Water service (well onsite), sewer service and trash pick-up are included in the rent. Tenant pays for electric (FPL). Superior Construction with Solid Concrete Block on the 1st & 2nd Floor. ? This offering presents a stabilized property with remaining upside. Currently, Caribbean Manor is managed in-house. ? Ownership has been increasing the rents to market levels upon turnovers, whereas a new owner can focus on the remaining valueadd component, which will provide the opportunity to generate a realistic increase to rental income. Additionally this complex can support pet fees and other minimum impact ways to monetize the bottom line positively. Flexibility to repurpose the space under the exterior stairwells or on the Western perimeter of the property into a private laundry area. ? These buildings offer the unique aspect of quaint one bedrooms with a very private community feel. ? Located in the southern area of Sarasota, FL, Carribean Manor offers convenient access to many local noteworthy locations, including; Riverview High School - 0.5 miles Detweiler's Market/Grocery -1.2 miles Publix at The Landings - 1.4 miles Suncoast Technical College - 1.5 miles Starbucks - 1.6 miles Neighborhood Walmart - 1.9 miles Trader Joe's - 2.0 miles Gulf Gate Restaurants/Shops - 2.0 miles Publix Shops at Siesta Row - 2.1 miles Flemings Steakhouse - 2.2 miles Phillippi Estate Park - 2.3 miles New Siesta Promenade Dev - 2.5 miles The Boatyard Bar & Grill - 2.8 miles Siesta Key Beach Access - 3.1 miles Sarasota Memorial Hospital - 3.4 miles Downtown Sarasota - 4.3 miles I-75 - 5.0 miles ? While situated in south Sarasota the property is centrally located in Sarasota County, Caribbean Manor allows ease of access to jobs, shopping, adventure, entertainment and peaceful retreats. ? Some of Sarasota County's major employers include; Sarasota Memorial Health & Hospitals PGT Innovations Sun Hydraulics Doctors Hospital Publix Sarasota County Schools Local Government Construction (Willis Smith) Developers (Neal Communities) ? Positioned “East of the Trail” (US 41 / Tamiami Trail); One of the high demand real estate areas in Sarasota. ? Caribbean Manor's proximity is convenient to a few resources and entertainment, that lend itself to the neighborhood community. Walking Distance from 7-11, convenient local restaurants, dentist, CPA, spa, preschool, insurance, barber, etc. ? Ownership has helped to foster a community feel to the complex that can continue into the future. The moniker of Village fits this asset to a tee. Especially with rental housing being difficult to find in Sarasota, the community will often have a referral tenant ahead of schedule should a unit turnover. ? You are close to the beaches but NOT in a flood zone. (Fema Flood Map 2025) Major Industries by Employee Count Largest Employers Sarasota Memorial Hospital 8,834 School Board of Sarasota County 5,937 Publix Super Markets, Inc. 4,282 Sarasota County Government 3,630 PGT Innovations 1,992 Venice Regional Bayfront Health 1,305 City of Sarasota 785 Helios Technologies, Inc. 678