785 N Osprey Ave - Apartments FOR SALE


Sarasota, FL 34236- Downtown Sarasota
$5,400,000 USD
813-387-4754
785 N Osprey Ave, Sarasota, FL for Sale
$5,400,000 USD
Apartments - FOR SALE
1/20
null | 6.16% Cap Rate

785 N Osprey Ave
Sarasota, FL 34236
Downtown Sarasota


HIGHLIGHTS

  • Echo on Eighth consists of all two-bedroom units which have been fully renovated, each unit includes stackable washers/dryers
  • Each unit is individually parceled giving a buyer multiple options on an exit
  • Area median income of $106,100 (Fannie Mae)
  • Not located in a high risk flood zone
  • Concrete block construction

OVERVIEW

Meticulously renovated, 23-unit property located in one of the most sought-after submarkets in Sarasota, FL. Nearly $1.3 million in capital improvements put into the property since 2022, including but not limited to: all new roofs, windows, parking lot, electrical, plumbing and significant unit renovations. Located across the street from Gillespie Park, within walking distance to Downtown Sarasota and a quick drive to renowned St. Armands, Siesta Key and Long Boat Key. Strategically located in a high-demand submarket, ensuring sustained occupancy through immediate proximity to employment and entertainment hubs, regional transit corridors and Tier-1 educational institutions

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

23

PRICE/UNIT

$234,783

CAP RATE

6.16%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Echo on 8th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

DTN - DOWNTOWN NBHD

APN/PARCEL ID

2026-07-1001

ASK ABOUT THIS PROPERTY

Jason HagueMarcus & MillichapMore Info
813-387-4754

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Jason HagueMarcus & MillichapMore Info
813-387-4754

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