This Multifamily Property is no longer advertised on LoopNet.com.

1700-1704 Redwood St
Sarasota, FL 34231
Siesta Gateway Estates · Multifamily Property For Sale · 8 Units

Investment Highlights

  • Walking Distance from Public Beach Access Connected to Siesta Key Beach & Only 450 Ft from the 24-Acre “Siesta Promenade” Benderson Development
  • Five, One-Car Garages, Providing the Opportunity to Generate Substantial Supplemental Income
  • High Ceiling Units w/ Large Screened-In Patios and In-Unit Washer/Dryers in 2 Bedroom Units
  • Superior 2002 Construction with Solid Concrete Block on the 1st & 2nd Floor | Positioned “West of the Trail” (US 41/Tamiami Trail)
  • Uniquely Built w/ Adjoining Entries on Each Floor, Providing the Rare Ability to Transform Floorplans
  • Massive Rental Upside Potential & All Units Currently Month-to-Month | Tremendous Opportunity to Reposition Asset to Vacation Rentals

Property Facts

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.35 AC
Building Size 7,979 SF
Average Occupancy 37%
No. Stories 2
Year Built 2002
Parking Ratio 1.5/1,000 SF
Zoning RMF-4 - Multifamily 4

Amenities

Unit Amenities

  • Balcony
  • Dishwasher
  • Washer/Dryer
  • Ceiling Fans
  • Walk-In Closets
  • Patio
  • Porch

Site Amenities

  • Fenced Lot
  • Picnic Area
  • Pool
  • Trash Pickup - Curbside

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 0104-13-0029
  • 0104-12-0020
  • 0104-12-0028
Land Assessment
$939,100
Improvements Assessment
$1,053,700
Total Assessment
$1,992,800
  • Listing ID: 30669158

  • Date on Market: 1/16/2024

  • Last Updated:

  • Address: 1700-1704 Redwood St, Sarasota, FL 34231

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