This remarkable 8-acre, limited-access property includes 28 upscale apartment/condo units across seven fully enclosed buildings. Each building is equipped with hurricane-rated windows and doors (130 mph wind resistance) and features new metal roofs installed in December 2022, backed by a 10-year installation warranty and a 25-year metal alliance warranty.
All units are currently tenant-occupied, making this an income-producing asset from day one. The property also offers significant expansion potential, with infrastructure and underground utilities already in place for 13 additional lots approved for the development of up to 78 more condo units (see attached site plan). Plus, there are no HOA or CDD fees, adding even more value to this exceptional investment opportunity.
Each unit offers approximately 1,852 sq ft of living space with 3 bedrooms, 2 bathrooms, and a single-car oversized detached garage for parking and storage. Interiors include:
Granite countertops in kitchens and baths, Raised panel cabinetry, Complete GE appliance package, Crown molding & colonial trim, 9.4-foot ceilings, Tankless water heaters, Screened lanais & covered, lighted entries, Stacked washer/dryer in units, Ceiling fans and lighting fixtures included
Community amenities feature a large pool, plus a 3,600 sq ft recreation/meeting building equipped with a wet bar and kitchen area. The property also includes public water, public sewer, and a security system with optional monitoring.
This property has been freshly painted, meticulously maintained, and offers a rare opportunity to expand or continue as a strong income-generating multifamily complex in North Port, Sarasota County—one of Southwest Florida’s fastest-growing regions.
Don’t miss out! Schedule your private showing today and explore the limitless potential of this exceptional investment.