941 Virginia Dr - Apartments FOR SALE


Sarasota, FL 34234- North Sarasota
$1,635,000 USD
941-444-6160
941 Virginia Dr, Sarasota, FL for Sale
$1,635,000 USD
Apartments - FOR SALE
1/17
null | 7.46% Cap Rate

941 Virginia Dr
Sarasota, FL 34234
North Sarasota


HIGHLIGHTS

  • Over 500 Five-Star Reviews, Excellent Booking Platform Exposure, & a Strong Repeat Guest Base that Supports Steady Demand
  • Resort-Caliber Amenities: Private Screened-In Pool Areas, Heated Saltwater Pools, Waterfalls, Hot Tubs & Outdoor Showers
  • Turn-Key, One of a Kind, Short-Term Rental Multifamily Asset w/ Massive Upside Potential
  • Rock-Solid Vintage Masonry Construction w/ 125-Foot Building Footprint, Providing Exceptional Unit Privacy
  • Non-Flood Zone & Elevated 17 Feet Above Sea Level for Enhanced Storm Protection | Just 1 Block from Waterfront Park & Sunset Views Over Sarasota Bay
  • Named The #1 Best Airbnb with Pool in Sarasota by Trip101 Travel Guide For 2022, 2023, & 2024

OVERVIEW

PRICE REDUCTION!! View Offering Memorandum Details! *Access OFFERING MEMORANDUM FOR FINANCIAL DETAILS at MultifamilyFirm.com **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, turn-key multifamily short-term rental asset in Sarasota offering exceptional upside. This remarkable property stands out with over 500 five-star reviews, excellent booking platform exposure, and a strong repeat guest base, delivering consistent occupancy and premium nightly rates. Roy’s Place features resort-caliber amenities, including private screened-in pool areas with heated saltwater pools, cascading waterfalls, hot tubs, and outdoor showers, all of which create an unforgettable guest experience. The desirable unit mix of 50% two-bedroom and 50% one-bedroom units caters perfectly to a wide range of travelers. Meanwhile, the property’s artfully curated Sarasota chic decor, quality furnishings, and vibrant tropical landscaping ensure it remains a top choice in the market. Constructed with rock-solid vintage masonry and boasting a 125-foot-long building footprint, the property offers exceptional unit privacy. Strategically positioned on an elevated site approximately 17 feet above sea level in a non-flood zone, just one block from a waterfront park with stunning sunset views over Sarasota Bay, Roy’s Place provides enhanced storm protection and an unbeatable location. Adding to its pedigree, the property has been named the #1 Best Airbnb with Pool in Sarasota by Trip101 Travel Guide for 3 consecutive years (2022, 2023 & 2024), underscoring its reputation as a premier income-producing asset perfectly positioned for long-term growth.

FOR SALE DETAILS

PRICE

$1,635,000 USD

PRICE/SF

$453 USD /SF

# OF UNITS

4

PRICE/UNIT

$408,750

CAP RATE

7.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roy's Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

RSF3

APN/PARCEL ID

-

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 Policy.