8121 45th Ct E - Apartments FOR SALE


Sarasota, FL 34243- Whitfield
$10,800,000 USD
813-577-3837
8121 45th Ct E, Sarasota, FL for Sale
$10,800,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

8121 45th Ct E
Sarasota, FL 34243
Whitfield


HIGHLIGHTS

  • Well-Maintained Asset Being Sold After 12+ Years of Family Ownership with Historically High Occupancy
  • Tax and Insurance Adjusted 5.95% Cap Rate
  • Spacious Floor Plans Averaging 1,075 Square Feet with Highly Functional 2Bed 2Bath & 3Bed 2Bath Layouts
  • Desirable 1994 Construction with 12, One- and Two-Story Buildings Featuring Central HVACs and Pitched Roofs
  • All Units Feature Screened-In Patios and Three-Bedrooms Have Additional Storage Closet
  • Close Proximity to Major Employers & Thoroughfare such as Sarasota Memorial Hospital (4.0 Mi), Sarasota Bradenton Airport (4.0 Mi) and I-75 (3.5 Mi)

OVERVIEW

Well-Maintained Multifamily Asset in Tranquil Sarasota Community Offered for sale after 12+ years of family ownership, this well-maintained multifamily property boasts historically high occupancy and spacious floor plans averaging 1,075 square feet. The desirable 1994-built community consists of 12 one- and two-story buildings featuring highly functional 2-bed/2-bath and 3-bed/2-bath layouts, central HVACs, and pitched roofs. Residents enjoy resort-style amenities, including a sparkling swimming pool with a pavered sundeck, an on-site leasing office, clubhouse, and gazebo. The property spans 4.94 acres in the peaceful Glenbrooke subdivision, offering a relaxed neighborhood feel. Vaulted ceilings in most units enhance the modern living experience, while all apartments include washer/dryer connections, screened-in patios, and select units with premium lakefront views. Ample parking with over two spaces per unit adds to resident convenience. Ideally located just 7.2 miles (a 12-minute drive) from downtown Sarasota’s vibrant cultural and dining scene, the property also benefits from proximity to major employment centers like Sarasota Memorial Hospital (4.0 miles), Sarasota-Bradenton Airport (4.0 miles), and I-75 (3.5 miles). Nearby retail hubs include University Walk (1.4 miles) and University Town Center (4.0 miles), offering a variety of shopping and dining options. Residents also enjoy easy access to Sarasota Bay and some of Florida’s most sought-after beaches, including Siesta Key (12.7 miles), Bradenton Beach (16.7 miles), Longboat Key (17.7 miles), and Anna Maria Island (19.6 miles), making this an exceptional investment opportunity in a high-demand market.

FOR SALE DETAILS

PRICE

$10,800,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

40

PRICE/UNIT

$270,000

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glenbrooke

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.94 AC

LAND SF

215,186 SF

ZONING

PDR/WPE/ST, County

APN/PARCEL ID

20463-0005-5

ASK ABOUT THIS PROPERTY

Mark SavareseFranklin StreetMore Info
813-577-3837

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Mark SavareseFranklin StreetMore Info
813-577-3837

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