This listing was posted on ListedBuy.
$3,000,000
3812 BUTLER AVE, SARASOTA, FL 34234 Multi Family For Sale MLS# A4590943
Price:
$3,000,000
BR/BA:
2 BR, 1 BA
Location:
3812 BUTLER AVE, Sarasota, FL
Description:
Investors, come check out this one-of-a-kind diamond in the rough 26-unit duplex community situated on 1.5 acre right in the middle of Sarasota! Each unit is approximately 624 sq. feet of living space. All units are 2 bedrooms, 1 bathroom and have been owned and managed by one family for the past forty-one years! Many tenants have been in their unit for 10 plus years so turnover is extremely low with occupancy rates in the 98-99 percent range yearly. Sales are currently well below market values by hundreds of dollars per month per unit. Leases are currently on a month-to-month basis so a new investor can renovate one unit at a time and increase sales. One unit is currently being renovated and has a waiting list of tenants for almost 40 percent more than current saleal rates. Located very near shops, restaurants, bus lines, and I-75 highway. The extreme need for affordable housing in the Sarasota area makes this property a truly fantastic opportunity. With renovation of each unit, this community has huge upside income potential. Do not disturb tenants or walk the property without your agent present Owners are motivated so bring us your offers. Still available at ListedBuy!
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More About this Listing: 3812 BUTLER AVE, SARASOTA, FL 34234 Multi Family For Sale MLS# A4590943
3812 BUTLER AVE, SARASOTA, FL 34234 Multi Family For Sale MLS# A4590943 is a Two Bedroom One Bath Single-Family Homes for Sale at 3812 Butler Ave in Sarasota FL. Find other listings like 3812 BUTLER AVE, SARASOTA, FL 34234 Multi Family For Sale MLS# A4590943 and listings near 3812 Butler Ave by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Sarasota FL.
3812 BUTLER AVE, SARASOTA, FL 34234 Multi Family For Sale MLS# A4590943 is a Two Bedroom One Bath Single-Family Homes for Sale at 3812 Butler Ave in Sarasota FL. Find other listings like 3812 BUTLER AVE, SARASOTA, FL 34234 Multi Family For Sale MLS# A4590943 and listings near 3812 Butler Ave by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Sarasota FL.