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5233 N Tamiami Trl
Sarasota, FL 34234
Ringling North Apartments | 16 Units · Multifamily Property For Sale
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16 Units
Investment Highlights
- Extraordinary Unit Mix of 75% Large Two-Bedroom / Two- Bathroom Units with Split Floor Plans & Screened-In Lanai’s or Balconies
- 94% of Central AC Systems Replaced in Last 2-3 Years & Roofs on Both Buildings Replaced in 2018
- Ideally Positioned West of US 41/Tamiami Trl “West of the Trail” | Within Walking Distance of John & Mable Ringling Museum of Art & New College of FL
- Substantial Rental Upside Potential of Over $358/Month Per Unit by Utilizing an Interior/Exterior Value-Add Strategy
- Superior Concrete Block 1972 Construction & NOT in a Special Hazard Flood Zone Drastically Reducing Insurance
- Within 5 Mins of Downtown Sarasota, a Thriving Live-Work Play Environment with Abundant Dining/Nightlife Attractions
Property Facts
| No. Units | 16 | Building Size | 18,112 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2016 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Lot Size | 0.66 AC | ||
| Zoning | NT - North Trail | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 18,112 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2016 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | NT - North Trail |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
- Family Room
- Freezer
- Linen Closet
- Pantry
- Patio
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | - | - |
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 2001-06-0050 | Improvements Assessment | $1,681,800 |
| Land Assessment | $597,800 | Total Assessment | $2,279,600 |
Property Taxes
Parcel Number
2001-06-0050
Land Assessment
$597,800
Improvements Assessment
$1,681,800
Total Assessment
$2,279,600
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