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The Multifamily Firm Markets 106-Unit Apartment Complex Portfolio in Sarasota

The Multifamily Firm Markets 106-Unit Apartment Complex Portfolio in Sarasota

January 14, 2020


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The Multifamily Firm is proud to present the sale of the Belmont Portfolio Offering in Sarasota, Florida. The Belmont Portfolio is a three property 106 unit portfolio offering, comprised of a 64-unit apartment complex, a 33-unit apartment complex and an 8-unit apartment building, all within a 3-mile radius of each other & Downtown Sarasota. The offering is being marketed as a portfolio, as well as on an individual basis, and separate marketing material is available for each.

The Belmont Portfolio Offering is located the Tampa / St Petersburg sub-market of Sarasota, FL, which features a population of approximately 57,738 within the City of Sarasota, and approximately 426,718 within Sarasota County. The location is known for its close proximity to numerous beautiful white sandy beaches, and features a per capita income that exceeds the state’s per capital income by 65%.

The Belmont Portfolio located within a short commute of Siesta Key, Longboat Key, St Armand’s Circle, & University Town Center and is a tremendous opportunity to acquire a 106-unit portfolio in a high barrier to entry & high demand submarket. With considerable renovations recently completed, the offering provides strong upside with the ability to achieve $150-$200 per month per unit average rental premiums.

Sarasota Multifamily Property Offering Highlights:

  • 3 property 106 unit portfolio, comprised of a 64 unit, a 33 unit and an 8 unit, all within a 3-mile radius of each other & Downtown Sarasota
  • Extensive renovations completed and strong upside to achieve $150-$200 per month per unit average rental premiums
  • Favorable Unit Mix of 85% Two Bedroom Units w/ Highly Desired Vintage 1960-1970’s Solid Masonry Construction
  • Located in the strong sub-market Tampa/St Petersburg sub-market of Sarasota, known for its numerous white sandy beaches, and features an per capita income that exceeds State per capital income by 65%.

For additional information about the offering & other available listings, please contact The Multifamily Firm team.

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