Multi-Family properties currently available on the Gulf Coast of Florida (7/22/15)

A snapshot of Multi-Family properties currently available on the Gulf Coast of Florida (7/22/15) 

1.  1601 Placida Rd, Englewood, FL

Contact Sean Dreznin at Ian Black Real Estate for more information (941) 906-8688

16-units

All 1/1’s

Asking $850,000

Block construction, Built in 1979

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2.  4341 Placida Rd, Englewood, Fl

4341 Placida Rd

6-units

All 2/2 condo units

Built 1996

2-story with 3 units on each level

Asking $450,000

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3.  4012 Murdock Ave, Sarasota, FL

Murdock Apartments in Sarasota

9-units

Built 1974

(5) 2/1’s

(4) 1/1’s

Asking Price – $830k

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4.  2030 8th St, Sarasota, FL

Park Place East Apartments in Sarasota, FL

9-units

Built in 2014

Each unit is a 3/2

Separate utilities

Asking $1,490,000

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5.  Hibiscus Suites Inn, Sarasota, Fl

Hibiscus Suites Inn on Stickney Point Rd in Sarasota, Fl

Asking $5,500,000

NOI over $300k

43 units

* All units are all individually metered and have their own kitchens if one desired to turn the property into apartments.

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6.  Turtle Run Apartments, Fort Myers, FL

Turtle Run Apartments in Fort Myers, FL

8-units

Asking $432k

6,814 SF Concrete Block 2-story building

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7.  Lloyd’s Mobile Home Community

Lloyd’s MH Park in Bradenton, Fl

71 developed sites — 63 occupied

-Site rent $370 (includes trash)
-Individually metered water and sewer (billed by third party)
-18 rental homes (17 occupied)
-Monthly rent $26,000 (includes water and sewer billing)

Asking $2,400,000

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8.  Palm Breeze Apartments, Rotonda West, FL

Priced to SELL!
Priced to SELL!

11-units and included in the sale are (2) adjacent lots which will accommodate 3 units each for a total of 17 possible units.

Reduced to $719,000 from $824,000 for qualified sale with the right buyer

NOI approx $62,400 making this an 8.5%+++ return

Upside Potential in the rents

All units are 2/2’s and the upstairs units (7 of them) have Cathedral Ceilings

All units have W/D hook up

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Please contact Sean Dreznin at Ian Black Real Estate to view detailed information on any of the currently marketed properties.

You can reach Sean at sean@ian-black.com or by phone at (941) 906-8688 x109

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