3700 BENEVA Rd - Apartments FOR SALE


Sarasota, FL 34232- South Sarasota
$3,790,000 USD
813-267-1312
3700 BENEVA Rd, Sarasota, FL for Sale
$3,790,000 USD
Apartments - FOR SALE
1/31
null | 7.9% Cap Rate

3700 BENEVA Rd
Sarasota, FL 34232
South Sarasota


HIGHLIGHTS

  • Well-maintained asset, Block Building, Low Maintenance, Fully Leased
  • Free Standing building, NO HOA, One month Min Rental Period, Great asset for Seasonal Rental, 10 Minutes to Siesta Key, Retail, & Employment hubs.
  • Renovated, Modern Interior finishes throughout most unit. Quartz Countertops, Luxury Vinyl Floors, Newer HVAC and Water Tanks, Washer/Dryer inside.

OVERVIEW

Discover an exceptional investment opportunity at 3700 Beneva Rd in Sarasota, Florida. This well-maintained 13-unit Stand alone multifamily property (NO HOA) combines modern interior finishes with desirable community amenities, creating a turnkey asset in one of Florida’s most sought-after rental markets. Each unit is thoughtfully updated to reflect contemporary design standards, ensuring long-term appeal for residents and minimal capital expenditure for ownership. Its strategic location places tenants within minutes of Sarasota’s thriving employment centers, retail corridors, and cultural attractions, including the renowned beaches of Siesta Key. With strong population growth and a robust rental market, Sarasota continues to deliver consistent demand for quality multifamily housing. Investors will appreciate the property’s proven operational stability and potential for income growth. The surrounding neighborhood offers convenient access to major thoroughfares, dining, and entertainment, making this an ideal choice for professionals, families, and retirees alike. Whether you’re expanding your portfolio or entering the multifamily sector, 3700 Beneva Rd represents a rare opportunity to acquire a well-positioned, income-producing asset in a high-demand region.

FOR SALE DETAILS

PRICE

$3,790,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

13

PRICE/UNIT

$291,538

CAP RATE

7.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1981

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,360 SF

ZONING

RMF4

APN/PARCEL ID

0059-16-3001,0059-16-3002,0059-16-3003,0059-16-3004,0059-16-3005,0059-16-3006,0059-16-3007,0059-16-3008,0059-16-3009,0059-16-3010,0059-16-3011,0059-16-3012,0059-16-3013

ASK ABOUT THIS PROPERTY

Tracy SrodesFine PropertiesMore Info
813-267-1312

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Tracy SrodesFine PropertiesMore Info
813-267-1312

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