Applegate Apartments in Sarasota, FL sell for $79,500+ per unit

by Sean Dreznin

The Applegate Apartments located at 1500 N Lockwood Ridge Road in Sarasota, FL have been sold for $7,400,000 or $79,500+ per unit.

Previously they sold in 2006 (near the peak of the market) for $7,100,000.

The complex consisted of 93 Class “C” units that had been renovated and well cared for.

The new buyer is Mr. Song from California.

Any questions or comments can be sent to Sean at srqcre@gmail.com

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