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1060 Indian Beach Dr
Sarasota, FL 34234
Ringling at Indian Beach | 26 Units · Multifamily Property For Sale
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26 Units
Investment Highlights
- Significant Upside w/ Continued Value-Add Strategy & Loss-to-Lease Recapture
- Exceptional Unit Mix of 71% Two-Bedroom Units (29% Large 2 BD /2 BA's) | 81% of AC Systems Replaced in Last 2-3 Years | Superior Masonry Construction
- Roofing on All Main Buildings Replaced in the Last 3-6 Years (86% of Units) | Ideally Located West of US 41/Tamiami Trail, “West of the Trail”
- Extensively Renovated (26 Unit) w/ New Flooring, Stainless-Steel Appliances, Granite Countertops, Modern Light Fixtures, Baseboards, Vanities & More!
- Rare 42-Unit Offering in a Premier High Barrier to Entry Market; Only 30 Apartment Properties with 20-50 Units in Sarasota County
- Perfectly Positioned Near the Bayfront but NOT in a Flood Zone & Within 5-10 Mins of Downtown Sarasota a Thriving Live-Work Play Environment
Property Facts
| No. Units | 26 | Building Size | 23,201 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2021 |
| Building Class | C | Parking Ratio | 2.16/1,000 SF |
| Lot Size | 2.01 AC | ||
| Zoning | RMF-4, County - Multifamily | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.01 AC |
| Building Size | 23,201 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2021 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | RMF-4, County - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
- Framed Mirrors
- Patio
- Porch
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Picnic Area
- Pet Play Area
- Trash Pickup - Curbside
- Vintage Building
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | - | 1,505 |
| 2+2 | 12 | - | 960 - 1,000 |
| 2+1 | 18 | - | 800 |
| 1+1 | 11 | - | 575 - 600 |
Property Taxes
| Parcel Number | 2006-01-0021 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,112,696 |
Property Taxes
Parcel Number
2006-01-0021
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,112,696
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