3001 Bee Ridge Road, Sarasota, FL 34239 detailed description
Commercial property for sale
3001 Bee Ridge Road, Sarasota, FL 34239
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- Description
- MAJOR PRICE REDUCTION...THIS IS WILL SELL AT THIS PRICE... OFFERED AT A 9.30CAP BASED ON EXISTING INCOME!!! THE LATEST NUMBERS ARE IN AND THEY SHOW STABLE RETURNS 48 UNIT APARTMENT COMPLEX ON BEE RIDGE ROAD (RIDGE GARDENS APARTMENT HOMES) - Land Size: Approx 1.24 acres or 54,000 SF - WITH AN NOI OF $185,000 - Zoning: RMF 4 (Residential Multi-Family) - Description: Ideal 1031 Exchange. Great cash flow (Currently 94% occupied with below market rents) - In Place Financing: $1.093 million non-recourse, assumable mortgage at 5.5% with a 5 year balloon, originated Nov 2010, 1% assumption fee - Unit Mix: 42 one bedroom units and 6 two bedroom units (complex has pool and laundry facilities) Building price details: $1,999,000.
- Property Details
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Property Type: Multifamily Use Types: Low-Rise/Garden Status: Available Price: $ 41,646 +/Unit Number of Stories: 2 Year Built: 1964 Year Renovated: 1983 MSA: North Port-Bradenton-Sarasota Buildings: 2 Construction: Brick, Concrete Terms: Cash to Seller, Owner Financing Added: 03/08/2012 Last Update: 01/08/2013 - Contact info
- 941-356-5042 [Office]
- See also
- Note
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