428 Simmons Avenue

428 Simmons Avenue, Sarasota, FL 34232 MLS# A4468419 Residential Income Listing Status: Pending
5,556 sqft
78
4
0
0

REMARKS:

Great income producing opportunity with the Oak Vista Apartments in Sarasota Florida just a few miles from the heart of downtown and I-75. Oak Vista consists of 10 total units, 5 duplexes with a 1bd/1ba unit on each side, on 1 parcel of land. Conveniently located close to public transportation just north of Fruitville Road near McIntosh Road in a nice residential community. Given its closeness to downtown Sarasota, the property is has a very high demand for tenants with short vacancies and thus has significant income potential. Over the past year, ownership has done an excellent job of enhancing the curb appeal of the property, as well as addressing deferred maintenance items. Some of the work completed includes exterior paint, new roofs, updated fencing, and landscape improvements. Five units have been completely remodeled in the last year and the rest are in good condition. No immediate work is needed. There is currently a reputable property management in place so this can be an easy turn-key investment opportunity. All said, the Oak Vista Apartments offering presents an exceptional value-add opportunity, in a submarket with explosive growth and proven rental demand. Seller currently owns other multifamily properties in the surrounding area and is open to a bulk portfolio sale. Possible owner financing available please call for more info.

OVERVIEW:

Residential Income
Multi-Family
Pending
Simmons Sub
1954
Crawlspace
Shingle
Wood Frame
5556
41356
0.95
In County, Street Paved
1/2 Acre to 1 Acre
Driveway, Guest, Off Street, Reserved
Space Heater
Wall/Window Unit(s)
Cable Connected, Electricity Connected
Shed(s)

FEATURES:

Fenced
Ceiling Fans(s), Eating Space In Kitchen, Master Bedroom Downstairs
Range, Refrigerator
Carpet, Ceramic Tile, Linoleum

FINANCIAL:

$975,000
$7,877
2019

NEIGHBORHOOD & SCHOOL INFORMATION:

 

Copyright © 2020 Stellar MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Keller Williams Realty - Lakewood Ranch. participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed.

 

Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

 

Lifestyle, neighborhood, and school data ("Supplemental Data") is provided by the operator of this website as a convenience to users. This Supplemental Data is not provided or reviewed by Stellar MLS. The operator of this website updates the Supplemental Data from time to time, but it does not represent, warrant or otherwise promise that the Supplemental Data is current, free from defects, or error-free. All Supplemental Data is provided AS IS with all faults. Users are encouraged to consult their own data sources to confirm the accuracy of all Supplemental Data before using the Supplemental Data as a basis for any decision. Complete list of data sources.

 

Data Last Updated: 08/15/2020, 8:29:12 AM

 

Listing information courtesy of RELAX REALTY GROUP INC