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3001 Bee Ridge Road, Sarasota, FL 34239

Commercial property for sale

  • Description
  • MAJOR PRICE REDUCTION...THIS IS WILL SELL AT THIS PRICE... OFFERED AT A 9.30CAP BASED ON EXISTING INCOME!!! THE LATEST NUMBERS ARE IN AND THEY SHOW STABLE RETURNS 48 UNIT APARTMENT COMPLEX ON BEE RIDGE ROAD (RIDGE GARDENS APARTMENT HOMES) - Land Size: Approx 1.24 acres or 54,000 SF - WITH AN NOI OF $185,000 - Zoning: RMF 4 (Residential Multi-Family) - Description: Ideal 1031 Exchange. Great cash flow (Currently 94% occupied with below market rents) - In Place Financing: $1.093 million non-recourse, assumable mortgage at 5.5% with a 5 year balloon, originated Nov 2010, 1% assumption fee - Unit Mix: 42 one bedroom units and 6 two bedroom units (complex has pool and laundry facilities) Building price details: $1,999,000.
  • Property Details
  • Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 41,646 +/Unit
    Number of Stories: 2
    Year Built: 1964
    Year Renovated: 1983
    MSA: North Port-Bradenton-Sarasota
    Buildings: 2
    Construction: Brick, Concrete
    Terms: Cash to Seller, Owner Financing
    Added: 03/08/2012
    Last Update: 01/08/2013
  • Contact info
  • 941-356-5042 [Office]
  • Note

  • Details Info about this row that located on 3001 Bee Ridge Road, Sarasota, FL 34239 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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