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3700 BENEVA Rd 13 Unit Apartment Building $3,790,000 ($291,538/Unit) 7.90% Cap Rate Sarasota, FL 34232

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INVESTMENT HIGHLIGHTS

  • Well-maintained asset, Block Building, Low Maintenance, Fully Leased
  • Renovated, Modern Interior finishes throughout most unit. Quartz Countertops, Luxury Vinyl Floors, Newer HVAC and Water Tanks, Washer/Dryer inside.
  • Free Standing building, NO HOA, One month Min Rental Period, Great asset for Seasonal Rental, 10 Minutes to Siesta Key, Retail, & Employment hubs.

EXECUTIVE SUMMARY

Discover an exceptional investment opportunity at 3700 Beneva Rd in Sarasota, Florida. This well-maintained 13-unit Stand alone multifamily property (NO HOA) combines modern interior finishes with desirable community amenities, creating a turnkey asset in one of Florida’s most sought-after rental markets. Each unit is thoughtfully updated to reflect contemporary design standards, ensuring long-term appeal for residents and minimal capital expenditure for ownership.
Its strategic location places tenants within minutes of Sarasota’s thriving employment centers, retail corridors, and cultural attractions, including the renowned beaches of Siesta Key. With strong population growth and a robust rental market, Sarasota continues to deliver consistent demand for quality multifamily housing.
Investors will appreciate the property’s proven operational stability and potential for income growth. The surrounding neighborhood offers convenient access to major thoroughfares, dining, and entertainment, making this an ideal choice for professionals, families, and retirees alike. Whether you’re expanding your portfolio or entering the multifamily sector, 3700 Beneva Rd represents a rare opportunity to acquire a well-positioned, income-producing asset in a high-demand region.

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $3,790,000
Price Per Unit $291,538
Sale Type Investment
Cap Rate 7.90%
Gross Rent Multiplier 10.48
No. Units 13
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.63 AC
Building Size 21,783 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1981/1996
Parking Ratio 1.1/1,000 SF
Zoning RMF4 - Residential Multi Family (RMF4)

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Family Room
  • Porch
  • Vinyl Flooring
  • Quartz Countertops

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 7 - 1,100
2+2.5 6 - 1,200

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0059-16-3001
Land Assessment
$660,500
Improvements Assessment
$1,654,700
Total Assessment
$2,315,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 39011188

  • Date on Market: 1/8/2026

  • Last Updated:

  • Address: 3700 BENEVA Rd, Sarasota, FL 34232

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