Real Estate in Sarasota/Bradenton Florida
Duane & Rhonda Finney
941-757-8818941-757-8818
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Real Estate in Sarasota/Bradenton Florida
Buy and Sell with The Finney Team

428 Simmons Avenue, SARASOTA, FL 34232 (MLS # A4468419)

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PRICE $975,000
BEDS 0
BATHS 0 bath
HOME SIZE 5,556 sq ft
LOT SIZE 41,356 sqft

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.

DAYS ON MARKET 35 LAST UPDATED 6/18/2020
TRACT SIMMONS SUB YEAR BUILT 1954
COMMUNITY Sarasota/Fruitville COUNTY Sarasota
STATUS Active PROPERTY TYPE(S) Income


ADDITIONAL DETAILS
ADDITIONAL PARCELS YN 0
APPLIANCES Range, Refrigerator
ASSOCIATION YN 0
AVAILABLE FOR LEASE YN 1
CONSTRUCTION MATERIALS Wood Frame
COOLING Wall/Window Unit(s)
COUNTRY US
COUNTY OR PARISH Sarasota
DISCLOSURES Lead Paint
DPRYN 0
EXTERIOR FEATURES Fenced
FIREPLACE YN 0
FLOOD ZONE CODE X
FLOORING Carpet, Ceramic Tile, Linoleum
FOUNDATION DETAILS Crawlspace
GARAGE YN 0
HEATING Space Heater
INTERIOR FEATURES Ceiling Fans(s), Eating Space In Kitchen, Master Bedroom Downstairs
LAUNDRY FEATURES None
LIST AGENT AOR Sarasota - Manatee
LIST AOR Sarasota - Manatee
LISTING TERMS Cash, Conventional
LIVING AREA 5556.00
LOT FEATURES In County, Street Paved
MINIMUM LEASE 1 Month
MLS AREA MAJOR 34232 - Sarasota/Fruitville
MLS STATUS Active
NEW CONSTRUCTION YN 0
OTHER STRUCTURES Shed(s)
PARKING FEATURES Driveway, Guest, Off Street, Reserved
PATIO AND PORCH FEATURES Enclosed
POOL PRIVATE YN 0
PROPERTY CONDITION Completed
PROPERTY SUB TYPE Multi-Family
PROPERTY TYPE Residential Income
PUBLIC SURVEY RANGE 18E
PUBLIC SURVEY SECTION 23
ROOF Shingle
SENIOR COMMUNITY YN 0
SEWER Septic Tank
SPECIAL LISTING CONDITIONS None
SUBDIVISION NAME SIMMONS SUB
TAX ANNUAL AMOUNT 7877.13
TAX YEAR 2019
TOTAL ACREAGE 1/2 Acre to 1 Acre
UTILITIES Cable Connected, Electricity Connected
WATER ACCESS YN 0
WATER EXTRAS YN 0
WATER SOURCE Well
WATER VIEW YN 0
WATERFRONT FEET TOTAL 0
WATERFRONT YN 0
YEAR BUILT 1954
ZONING RMF2

ZESTIMATE
428 Simmons Avenue, SARASOTA, FL

RENT ZESTIMATE
$ / mo.  428 Simmons Avenue, SARASOTA, FL

28 Car-Dependent



 
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