941 Virginia Dr - Apartments FOR SALE


Sarasota, FL 34234- North Sarasota
$1,750,000 USD
631-404-6060
941 Virginia Dr, Sarasota, FL for Sale
$1,750,000 USD
Apartments - FOR SALE
1/16
null | 6.49% Cap Rate

941 Virginia Dr
Sarasota, FL 34234
North Sarasota


HIGHLIGHTS

  • Turn-Key, One of a Kind, Short-Term Rental Multifamily Asset w/ Massive Upside Potential
  • Resort-Caliber Amenities – 2-Units Feature Private, Screened-In Pool Areas w/ Heated Saltwater Pools, Cascading Waterfalls, Hot Tubs, & Outdoor Shower
  • Fully Furnished w/ Artfully Curated Sarasota Chic Decor, Quality Furnishings, & Vibrant Tropical Landscaping
  • Rock-Solid Vintage Masonry Construction w/ 125-Foot-Long Building Footprint, Creating Exceptional Unit Privacy
  • Perfectly Positioned in a Non-Flood Zone Location Just 1 Block from Waterfront Park w/ Sunset Views Over Sarasota Bay
  • Named The #1 Best Airbnb with Pool in Sarasota by Trip101 Travel Guide For 2022, 2023, & 2024

OVERVIEW

*VIEW OFFERING MEMORANDUM FOR FINANCIAL INFORMATION **Virtual Tour (Matterport) of Each Unit Available Upon Request! The Multifamily Firm is pleased to present, Roy's Place, a truly one-of-a-kind, turnkey short-term rental multifamily asset offering resort-style amenities and significant upside potential. This fully furnished property features artfully curated Sarasota-chic décor, high-quality furnishings, and vibrant tropical landscaping, creating a standout guest experience. The desirable unit mix consists of 50% two-bedroom units and 50% one-bedroom units, with two of the units boasting private, screened-in pool areas complete with heated saltwater pools, cascading waterfalls, hot tubs, and outdoor showers—delivering a resort-caliber experience rarely found in comparable assets. Constructed with vintage, rock-solid masonry, the 125-foot-long building footprint provides exceptional privacy between units, enhancing both tenant satisfaction and rental appeal. The property sits on an elevated site approximately 17 feet above sea level in a coveted non-flood zone neighborhood, just one block from a waterfront park offering stunning sunset views over Sarasota Bay. Roy’s Place has been recognized as the #1 Best Airbnb with Pool in Sarasota by Trip101 Travel Guide for three consecutive years (2022–2024), further validating its operational strength and appeal. Strategically located just 5 minutes from Downtown Sarasota and only 10 minutes from the iconic St. Armands Circle and Lido Key Beach, Roy’s Place is ideally positioned to benefit from both year-round tourism and Sarasota’s strong rental market fundamentals.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

6.49%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

RSF3

APN/PARCEL ID

2005-15-0048

ASK ABOUT THIS PROPERTY

Phil GinexiThe Multifamily Firm, LLCMore Info
631-404-6060

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Phil GinexiThe Multifamily Firm, LLCMore Info
631-404-6060

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