Sarasota County, Sarasota, FL 34234
56 bd56 ba644 sfBuilt 1959
Gross spread$2,900,000
Description
Sarasota Manatee 56 Unit Portfolio 10 Cap Value Add Opportunity! Deal Specs: 56 Units - SFH x24, Quadplex x2, Duplex x8, Manufactured x7, Condo x1 Condos + Manafactured can be sold separately Location: Sarasota + Bradenton Financials: Purchase Price: $6,200,000 Unit Count: 56 Price / Unit: $110,714 Current Gross Rent: $838,800 GRM (Gross Rent Multiplier): 7.73 Current NOI: $727,624 Normalized NOI: $593,416 Cap Rate (Seller financials): 11.21% Current Cap (normalized): 9.14% Proforma Cap: 10-12% Investment Highlights: 56-unit Sarasota & Manatee portfolio, strong value add potential Strong in-place income with 9.14% normalized cap Proforma 10–12% cap potential Average rents below market with 10–20% upside ~$110k per unit (below replacement cost) Financing: Cash/Hard money preferred. Lender available has already reviewed deal and approved financing terms Seller financing available to credible buyer (20-25% down, 3-5 year term) POF/NDA required for full information/access to properties Reach out to Jon at [contact details hidden] for more info!
Price and status history
- $6,100,000 → $5,790,000−$310,000Aug 3, 2026 · 42d ago
Observed by our own harvest of the originating listing, not a public record.
$/sqft vs market
Median of 20 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
This thread is with the VestorsHub team. Nobody on the supply side of this listing holds an account here.
Who is supplying this listing is withheld. A buyer account that has accepted the non-circumvention agreement on the address request above sees it here. Direct phone and email are not published here at all.