3917 Royal Palm Ave
Sarasota, FL 34234
Royal Palm Apartments · Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Building Size | 2,469 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1953/2014 |
| Lot Size | 0.40 AC | ||
| Zoning | NT | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.40 AC |
| Building Size | 2,469 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2014 |
| Zoning | NT |
About 3917 ROYAL PALM AVE , SARASOTA, FL 34234
SBR Commercial is proud to present the exclusive listing on this 4-unit income producing property located five blocks east of Sarasota Bay. The Royal Palms Apartments (3719 Royal Palms Ave) offers an investor steady cash flow at an affordable price. The potential for seller financing coupled with increased rents makes the property an ideal investment for first-time buyers and seasoned owners alike. The current owner has handled all capital maintenance, which will minimize the initial upfront cost to a new owner. The property benefits from stable occupancy due to its proximity to both the world-renowned Ringling School of Art & Design and the University of South Florida / New College as well as its short commute to downtown Sarasota. Tenants can take advantage of both a Walmart Neighborhood Center and a CVS within a one block walk from the property. The continued redevelopment of the North Trail and the parcel's favorable zoning will only enhance the property's value in years to come.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $682.50 | 400 - 530 |
| 2+1 | 1 | $600.00 | 1,040 |
Property Taxes
| Parcel Number | 2004-10-0001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $446,433 |
Property Taxes
