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404-428 Simmons Ave
Sarasota, FL 34232
Simmons Avenue Apartments (10 Units) · Multifamily Property For Sale
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10 Units
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.95 AC |
| Property Type | Multifamily | Building Size | 6,592 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1954 |
| Zoning | RMF-2 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 6,592 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Zoning | RMF-2 |
ABOUT 404-428 SIMMONS AVE , SARASOTA, FL 34232
The property is in one of Sarasota’s highest demand submarkets and features rents $275+ below the average rate for 1-bedroom units. This Portfolio presents investors with the opportunity for immediate value-add through an increase of current rents to market rates. Rents for 1-bedroom units along Fruitville Road (SR 780) between I-275 and US-41 average $1,275, approximately 28% above current market rents at the subject property. With an abundance of Class-A inventory surrounding the property, the Simmons Avenue Apartments are well positioned as the affordable living option in one of Sarasota’s most sought-after submarkets.
PROPERTY TAXES
| Parcel Number | 0044-11-0004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,039,511 |
PROPERTY TAXES
