This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1090-1100 Cocoanut Ave
Sarasota, FL 34236
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 4,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1974/2017 |
| Building Class | C | ||
| Zoning | RMF-3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2017 |
| Zoning | RMF-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
ABOUT 1090-1100 COCOANUT AVE , SARASOTA, FL 34236
*** $100,000 Price Reduction! *** SBR Commercial is proud to present the sale of the Cocoanut Apartments in Sarasota, FL. This eight-unit complex is located in downtown Sarasota within the Rosemary District's popular, ever-growing submarket. This premium location puts the Property directly east of a Publix grocery center and in close proximity to other retail amenities and luxury condos. Just two blocks from the water, this location offers tenants the ability to access downtown, the Bayfront, Lido Beach, Laurel Park and other nearby areas in minutes. Its location across from the future Bayfront development site (http://www.sarasotabayfront2020.com) and the Quay development will ensure that the Property will remain desirable to tenants for years to come. This apartment building has experienced numerous renovations over the recent years including roofing, exterior painting and a complete interior renovation. The current owners have only marginally increased rents to an average of $900/mo as renovations were ongoing, leaving ample rental rate growth for a future owner. With new Rosemary apartments coming online with rental rates of $2.50-$3.00 psf, Cocoanut Apartments positions itself to capture tenants that seek the luxury of the district without the burdensome cost of comparable options. Additionally, all utilities have now been completely passed through to the tenants, thus minimizing overhead expenses for the landlord.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $900.00 | 575 |
PROPERTY TAXES
| Parcel Number | 2025-13-0040 | Improvements Assessment | $769,700 |
| Land Assessment | $300,000 | Total Assessment | $1,069,700 |
PROPERTY TAXES
