Ventura Apartments 2720-2750 Hope St 12 Unit Apartment Building $1,995,000 ($166,250/Unit) Sarasota, FL 34231

**View Offering Memorandum at MultifamilyFirm.com for Financial Info & Full Details**
The Multifamily Firm is pleased to present the Ventura Apartments, a 12-unit apartment complex in Sarasota, Florida. Built between 1980 and 1987, the property features rock-solid masonry construction, a desirable Non-Flood Zone location in Zone X, and a highly marketable Sarasota setting just 10 minutes from Siesta Key. The asset offers a compelling blend of in-place stability and future upside, with interior updates already completed in 8 units and additional value-add potential through strategic cosmetic upgrades, implementation of RUBS or utility fees, and conversion of the large garage area into income-generating storage units.
The units feature attractive layouts with cathedral ceilings, sliding doors to private patios, breakfast nooks, LVP flooring in the living areas, and tile flooring in the kitchens and bathrooms in 7 units. The property also benefits from on-site coin-operated laundry, while the two-story building containing 3 units has newly installed hurricane windows. With strong physical fundamentals, existing interior improvements, and multiple operational upside opportunities, Ventura Apartments offers investors a well-located Sarasota multifamily asset with clear paths to enhance income and long-term value.