4520 S Biscayne Dr - Apartments FOR SALE


North Port, FL 34287
$11,000,000 USD
941-525-6818
4520 S Biscayne Dr, North Port, FL for Sale
$11,000,000 USD
Apartments - FOR SALE
1/70
null | 7.3% Cap Rate

4520 S Biscayne Dr
North Port, FL 34287


HIGHLIGHTS

  • Situated in an affluent neighborhood renowned for its exclusivity and high property value, Emerald Oaks offers investors a prestigious address
  • Emerald Oaks sets a new standard for luxury living, attracting tenants seeking an unparalleled lifestyle experience in Sarasota County
  • With its premium features and desirable location, Emerald Oaks commands competitive rental teates, ensuring investors enjoy impressive rental yields
  • Emerald Oaks is positioned for strong long-term capital appreciation, providing investors with the potential for substantial returns on their initial
  • 8 acres limited access complex featuring two entry points

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

28

PRICE/UNIT

$392,857

CAP RATE

7.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Emerald Oaks

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

79

LAND DETAILS

LAND ACRES

7.78 AC

LAND SF

338,897 SF

ZONING

RMF

APN/PARCEL ID

0996-00-2904

ASK ABOUT THIS PROPERTY

Regina MelmanRe/Max Palm RealtyMore Info
941-525-6818

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Regina MelmanRe/Max Palm RealtyMore Info
941-525-6818

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