308-630 Briarwood Rd - Residential Income FOR SALE


Venice, FL 34293- Venice/Englewood
$11,340,000 USD
813-577-3837
308-630 Briarwood Rd, Venice, FL for Sale
$11,340,000 USD
Residential Income - FOR SALE
1/12
null | Request Cap Rate

308-630 Briarwood Rd
Venice, FL 34293
Venice/Englewood


HIGHLIGHTS

  • 52-Unit Residential Community Located in Venice, Florida
  • All Units Feature Two- or Three-Bedroom Floor Plans, Averaging 825 Square Feet
  • Individually Metered for Water and Sewer, Allowing for Direct Tenant Billing
  • Value-Add Potential through Renovating the Remaining 30% of Unrenovated/Partial Renovated Units
  • Prime Venice Location Just Minutes Away from U.S. Highway 41 and I-75, Offering Excellent Regional Connectivity
  • Close Proximity to Gulf Beaches, Including Venice Beach and Manasota Key, Less than 15-Minutes Away

OVERVIEW

Briarwood Portfolio presents a compelling investment opportunity in the heart of Venice, Florida, consisting of 52 residential units with a desirable mix of two- and three-bedroom floor plans averaging 825 square feet. This well-positioned asset has benefited from over $2.1 million in recent capital improvements, including exterior painting, electrical system upgrades, landscaping, some new roofs, and selective interior renovations. Each unit is individually metered for water and sewer, supporting efficient operational management and direct tenant utility billing. A newly introduced monthly lawn care and HVAC maintenance program further enhances the property's appeal and long-term value. With approximately 30% of the units still offering value-add potential through renovation, investors can capture upside by completing interior upgrades. The property is ideally located just minutes from U.S. Highway 41 and I-75, providing excellent regional access and proximity to the Gulf Coast’s most attractive beaches like Venice Beach and Manasota Key. Residents enjoy convenient access to major retailers such as Publix, Walmart, and Venice Plaza, all within a short drive. The area is supported by a strong employment base, including Sarasota Memorial Hospital – Venice Campus, Sarasota County Schools, and more, making the Briarwood Portfolio a strategically positioned asset with both stability and growth potential.

FOR SALE DETAILS

PRICE

$11,340,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Briarwood Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RMF1

APN/PARCEL ID

0434-08-0006,0436-06-0034

ASK ABOUT THIS PROPERTY

Mark SavareseFranklin StreetMore Info
813-577-3837

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Mark SavareseFranklin StreetMore Info
813-577-3837

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