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1000 N Lockwood Ridge Rd
Sarasota, FL 34237
Sarasota Portfolio | Two Properties · Multifamily Property For Sale
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181 Units
Investment Highlights
- Two Multifamily Properties - 181 Units Located 4 Minutes from Downtown Sarasota, FL Built Between 1963 & 1972 & Feature Concrete Block Construction
- The Roofs at Executive House Were Replaced Within the Last Year / Value-Add Opportunity to Increase Rents Through Strategic Upgrades
- Units Feature White Cabinetry, Modern Lighting, Spacious Closets, and Private Patios with Pond Views in Select Units
- Applegate & Executive House are Within Close Proximity to Each Other and Only 0.3 Miles Apart (Less Than 1 Minute Drive)
- Community Amenities Include a Swimming Pool, Leasing Office/ Clubhouse, and a Laundry Facility at Both Properties
Property Facts
| No. Units | 181 | Lot Size | 9.96 AC |
| Property Type | Multifamily | Building Size | 161,436 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1968/1993 |
| Zoning | RMF5 | ||
| No. Units | 181 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.96 AC |
| Building Size | 161,436 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/1993 |
| Zoning | RMF5 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Ceiling Fans
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
- Picnic Area
- Pool
- Grill
- Wheelchair Accessible
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 400 |
| 1+1 | 77 | - | 500 - 685 |
| 2+1 | 52 | - | 800 |
| 2+2 | 44 | - | 856 - 900 |
Property Taxes
| Parcel Number | 2022-02-0021 | Improvements Assessment | $6,715,600 |
| Land Assessment | $2,436,000 | Total Assessment | $9,151,600 |
Property Taxes
Parcel Number
2022-02-0021
Land Assessment
$2,436,000
Improvements Assessment
$6,715,600
Total Assessment
$9,151,600
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