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2131 Montclair Dr 2 Unit Apartment Building $615,000 ($307,500/Unit) 6.50% Cap Rate Sarasota, FL 34231
Investment Highlights
- Turnkey Duplex Investment Opportunity in Coveted Coquina Island, Minutes from the World-Renowned Siesta Key Beach
- Favorable Unit Mix of One, 2-Bedroom / 2-Bath Unit & One, 1-Bedroom / 1-Bath Unit
- RUBS System In-Place for Water/Sewer, Effectively Recapturing Nearly 100% of the Expense & Enhancing Cash Flow
- Non-Flood Zone Location w/ Vintage 1972 Masonry Construction, Providing Long-Term Durability & Lower Insurance Costs
- Both Units Uniquely Equipped w/ Attached Garages, Privately Fenced Yards & Screened-In Lanai
- Prime Location Near Siesta Key Presents Significant Upside Through Implementation of a Short-Term Vacation Rental Strategy
Executive Summary
PRICE REDUCTION!! | View Offering Memorandum at MultifamilyFirm.com for Full Details!!
** Property being offered individually or as a Portfolio w/ the adjacent Duplex property (2119-2125 Montclair) ***
The Multifamily Firm is pleased to present 2131 Montclair, a turnkey duplex investment opportunity located in the coveted Coquina Island, just minutes from the world-renowned Siesta Key Beach in Sarasota, Florida. Positioned in a non-flood zone, the property features vintage 1972 masonry construction, offering long-term structural durability and the potential for reduced insurance costs. The duplex boasts a favorable unit mix consisting of One 2-Bedroom, 2-Bath unit and One 1-Bedroom, 1-Bath unit. Both units are uniquely equipped with attached garages, privately fenced yards, and screened-in lanais, enhancing tenant appeal and long-term rentability. A RUBS system is already implemented for water & sewer, effectively recapturing nearly 100% of those expenses and contributing to stronger cash flow. Its prime location near Siesta Key presents significant upside through the implementation of a short-term rental strategy, further boosting income potential.
Whether positioned as a pure investment or a hybrid owner-occupied opportunity, 2131 Montclair offers a savvy investor the rare chance to reside near Florida’s top-ranked beach while leveraging rental income to offset mortgage expenses.
View Offering Memorandum for full details & financial information!
** Property being offered individually or as a Portfolio w/ the adjacent Duplex property (2119-2125 Montclair) ***
The Multifamily Firm is pleased to present 2131 Montclair, a turnkey duplex investment opportunity located in the coveted Coquina Island, just minutes from the world-renowned Siesta Key Beach in Sarasota, Florida. Positioned in a non-flood zone, the property features vintage 1972 masonry construction, offering long-term structural durability and the potential for reduced insurance costs. The duplex boasts a favorable unit mix consisting of One 2-Bedroom, 2-Bath unit and One 1-Bedroom, 1-Bath unit. Both units are uniquely equipped with attached garages, privately fenced yards, and screened-in lanais, enhancing tenant appeal and long-term rentability. A RUBS system is already implemented for water & sewer, effectively recapturing nearly 100% of those expenses and contributing to stronger cash flow. Its prime location near Siesta Key presents significant upside through the implementation of a short-term rental strategy, further boosting income potential.
Whether positioned as a pure investment or a hybrid owner-occupied opportunity, 2131 Montclair offers a savvy investor the rare chance to reside near Florida’s top-ranked beach while leveraging rental income to offset mortgage expenses.
View Offering Memorandum for full details & financial information!
Property Facts
| Price | $615,000 | Building Class | C |
| Price Per Unit | $307,500 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 2,719 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.21/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RMF1 - RMF1 - RESIDENTIAL, MULTI FAMILY | ||
| Price | $615,000 |
| Price Per Unit | $307,500 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,719 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2020 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | RMF1 - RMF1 - RESIDENTIAL, MULTI FAMILY |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Tile Floors
- Granite Countertops
- Yard
- Patio
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 1+1 | 1 | - | - |
1 1
Property Taxes
| Parcel Number | 0086-12-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $444,022 |
Property Taxes
Parcel Number
0086-12-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$444,022
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2131 Montclair Dr
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