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1638-1648 Redwood St
Sarasota, FL 34231
South Bridge Apartments Near Siesta Key · Multifamily Property For Sale
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13 Units
Investment Highlights
- Within Walking Distance of Public Beach Access Connected to Siesta Key Beach (Nearly 100% Quartz Crystal Sand) Ranked #1 Beach in USA (~TripAdvisor)
- Tremendous Opportunity to Capitalize on the Proximity to Siesta Key Beach by Repositioning the Asset from Apartments to Vacation Rentals (See OM)
- Resort-Like Feel w/ Lush Tropical Landscape Throughout, Tranquil Swimming Pool w/ Sundeck Lounge & Relaxing Pavilion w/ Built-in BBQ & Picnic Area
- Turn-Key Trophy Asset with Strong Historic Occupancy Rates and Significant Upside Potential with Implementing Modern Interior Cosmetic Updates
- Nearby Siesta Promenade Development (Benderson) 23-Acre Site Anticipated to Bring High-End Retail, Luxury Hotel & Connect to Surrounding Neighborhood
- Extensive Interior/ Exterior Renovation Completed in 2009 | Average Single-Family Home Sale Price of $1,128,000 Within 1 Mile Radius
Property Facts
| No. Units | 13 | Lot Size | 0.74 AC |
| Property Type | Multifamily | Building Size | 11,374 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1973/2009 |
| Zoning | RMF-4 - Residential Multifamily - 4 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 11,374 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2009 |
| Zoning | RMF-4 - Residential Multifamily - 4 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Grill
- Deck
- Den
- Dining Room
- Family Room
- Garden
- Linen Closet
- Pantry
- Patio
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Pool
- Cabana
- Grill
- Pet Play Area
- Recycling
- Sundeck
- Zen Garden
Property Taxes
| Parcel Number | 0104-12-0035 | Improvements Assessment | $1,623,700 |
| Land Assessment | $511,600 | Total Assessment | $2,135,300 |
Property Taxes
Parcel Number
0104-12-0035
Land Assessment
$511,600
Improvements Assessment
$1,623,700
Total Assessment
$2,135,300
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