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



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.
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 | Apartment Style | Townhome |
| Price Per Unit | $291,538 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 7.90% | Building Size | 21,783 SF |
| Gross Rent Multiplier | 10.48 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1981/1996 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Zoning | RMF4 - Residential Multi Family (RMF4) | ||
| 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 |
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PROPERTY TAXES
| Parcel Number | 0059-16-3001 | Total Assessment | $2,315,200 |
| Land Assessment | $660,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,654,700 | Tax Year | 2025 |
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
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3700 BENEVA Rd
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