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Siesta Villas 1630 Redwood St 6 Unit Apartment Building For Sale Sarasota, FL 34231
Investment Highlights
- Apex Unit Mix of 67% Large Two-Bed / Two-Bath Units & 33% One-Bed / One-Bath Units
- Strikingly Located “West of the Trail” (US-41) w/ Favorable RMF-4 Zoning
- All Two-Bedroom Units Separately Metered for Water & Electric w/ Tenants Paying Direct to Utility Provider
Executive Summary
Dreznin Pappas Commercial Real Estate, LLC is pleased to present the Tropical Redwood Villas, a favorable value-add opportunity just a short walk to Siesta Key Beach and steps from the new Siesta Promenade. The property features 6 units across 3 solid masonry buildings with a desirable unit mix of two-bedroom and one-bedroom apartments, separately metered utilities, and on-site laundry. With favorable RMF-4 zoning and significant upside potential, this asset offers investors a rare chance to own in one of Sarasota’s most preferred coastal markets.
Exceptional Unit Mix of 67% Large Two-Bed / Two-Bath Units & 33% One-Bed / One-Bath Units
All Two-Bedroom Units Separately Metered for Water & Electric w/ Tenants Paying Direct to Utility Provider
Equipped w/ Coin-Operated Community Laundry Room, Storage Shed & Storage Space
Abundant Off-Street Parking with Dedicated Spaces for Each Unit
2-Minute Walk from the highly anticipated Siesta Promenade, a 24-Acre Mixed-Use Development by Benderson
Consists of 6 Units in 3 Rock-Solid Masonry Buildings on 1 Parcel Totaling 0.37 Acres
Half Mile Walk to Public Beach Access 12 w/ Connected to Siesta Key Beach
Strikingly Located “West of the Trail” (US-41) w/ Favorable RMF-4 Zoning
Exceptional Unit Mix of 67% Large Two-Bed / Two-Bath Units & 33% One-Bed / One-Bath Units
All Two-Bedroom Units Separately Metered for Water & Electric w/ Tenants Paying Direct to Utility Provider
Equipped w/ Coin-Operated Community Laundry Room, Storage Shed & Storage Space
Abundant Off-Street Parking with Dedicated Spaces for Each Unit
2-Minute Walk from the highly anticipated Siesta Promenade, a 24-Acre Mixed-Use Development by Benderson
Consists of 6 Units in 3 Rock-Solid Masonry Buildings on 1 Parcel Totaling 0.37 Acres
Half Mile Walk to Public Beach Access 12 w/ Connected to Siesta Key Beach
Strikingly Located “West of the Trail” (US-41) w/ Favorable RMF-4 Zoning
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 0.38 AC |
| No. Units | 6 | Building Size | 5,477 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1978/2025 |
| Building Class | C | Parking Ratio | 2.01/1,000 SF |
| Zoning | RMF4 - RMF-4 Residential Multifamily Sarasota County | ||
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 5,477 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2025 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | RMF4 - RMF-4 Residential Multifamily Sarasota County |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Wheelchair Accessible
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 1+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0104-13-0017 | Improvements Assessment | $219,400 |
| Land Assessment | $367,900 | Total Assessment | $587,300 |
Property Taxes
Parcel Number
0104-13-0017
Land Assessment
$367,900
Improvements Assessment
$219,400
Total Assessment
$587,300
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Siesta Villas | 1630 Redwood St
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