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1410 Magellan Dr
Sarasota, FL 34243
The Magellan Building · Multifamily Property For Sale
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16 Units
Investment Highlights
- Substantial Interior & Exterior Capital Improvements Completed Within the Last 3 Years
- Over 50% of the Tenants Have Resided at the Property for Over a Year and Most New Tenants Occupy the Property for Several Months to a Year
- Consists of 100% Studio Units w/ 3 Main Sizes Equipped w/ Electronic Keyless Entry Locks | Masonry Construction w/ 18 Bathrooms, Office & Laundry Room
- Weekly Rental Property that Specifically Caters to the Working-Class Tenant Base and Provides Tenants with a Turn-Key Living Environment.
- Weekly Lease Structure Provides the Landlord with the Flexibility to Vacate a Unit Without Going Through the Eviction Process
- Located to the North of Downtown Sarasota in Manatee County and Positioned Nearby an Abundance of National Retailers & Major Employment Centers.
Property Facts
| No. Units | 16 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 5,163 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1974/2015 |
| Building Class | C | ||
| Zoning | GC | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 5,163 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2015 |
| Zoning | GC |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Tile Floors
- Refrigerator
Site Amenities
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Furnished Units Available
- Wi-Fi
Property Taxes
| Parcel Number | 65960-1000-6 | Improvements Assessment | $763,569 |
| Land Assessment | $204,000 | Total Assessment | $967,569 |
Property Taxes
Parcel Number
65960-1000-6
Land Assessment
$204,000
Improvements Assessment
$763,569
Total Assessment
$967,569
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