610 N East Ave - Apartments FOR SALE


Sarasota, FL 34237- Downtown Sarasota
$679,777 USD
941-444-6160
610 N East Ave, Sarasota, FL for Sale
$679,777 USD
Apartments - FOR SALE
1/6
null | 6.33% Cap Rate

610 N East Ave
Sarasota, FL 34237
Downtown Sarasota


HIGHLIGHTS

  • Favorable Seller Financing w/ Potential Interest-Only Payments Available for Qualified Buyer
  • 4-Units, in 2 Masonry Building, on 1 Parcel Totaling 0.22 Acres | Washer/Dryer Hookups & Large Screened-In Lanai’s in One-Bedroom Units
  • Rock-Solid Masonry Construction Built in 1951-76 in a NON-Flood Zone Location (Zone X)
  • Potential to Acquire Adjacent Parcel, Expanding the Site to a Combined ±0.35 Acres
  • Prime Downtown Sarasota Location Just Blocks from the Urban Core | Near Payne Park / Legacy Trail Connectivity
  • Highly Desirable Live-Work-Play Setting Near Main Street, Payne Park, the Rosemary District & Sarasota’s Bayfront

OVERVIEW

** View Offering Memorandum at MultifamilyFirm.com for Financial Info & Full Details! ** The Multifamily Firm is pleased to present the East Avenue Apartments, a 4-unit apartment community in a prime downtown Sarasota location, just blocks from the urban core. Being offered with favorable seller financing (see OM for details), the property features 4-units, in 2 masonry buildings, on 1 parcel totaling 0.22 acres. The property benefits from favorable Downtown Neighborhood Zoning (DTN), providing future redevelopment potential in one of Sarasota’s most desirable infill locations. Residents are positioned in a highly desirable live-work-play setting near Main Street, Payne Park, the Rosemary District, Sarasota’s Bayfront, and the Legacy Trail connection, supporting strong long-term renter demand. Additionally, buyers may have the potential to acquire the adjacent parcel, expanding the site to a combined ±0.35 acres. View Offering Memorandum for financial info and full details!

FOR SALE DETAILS

PRICE

$679,777 USD

PRICE/SF

$313 USD /SF

# OF UNITS

4

PRICE/UNIT

$169,944

CAP RATE

6.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

DTN

APN/PARCEL ID

2028-05-0087

ASK ABOUT THIS PROPERTY

Phil GinexiThe Multifamily Firm, LLCMore Info
941-444-6160

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Phil GinexiThe Multifamily Firm, LLCMore Info
941-444-6160

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