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The Multifamily Firm Brokers Apartment Building Sale in Sarasota, FL

The Multifamily Firm Brokers Apartment Building Sale in Sarasota, FL

June 10, 2021

The Multifamily Firm is proud to announce the sale of the Oyster Bay Villas in Sarasota, Florida. The sale was an all-cash deal with a substantial escrow deposit that became non-refundable within 18 days of contract execution and sold $637,715: equating to $159,429 per unit. The property was on the market for 3 days before receiving multiple offers and ultimately closing within 35 days of contract execution.

The Oyster Bay Villas sale consisted of 4 units in 2 masonry buildings built in 1971, on 1 parcel of approximately 0.37 acres of land. The offering was a substantial value-add opportunity with an average upside potential of $350 per month per unit. Additionally, the property features a desirable unit mix of 100% Two-bedroom units with washer/dryer hookups in all units and new roofs on both buildings.

The Oyster Bay Villas are perfectly positioned within 5 minutes of both the north & south bridge entrance to Siesta Key, just east of Route 41 / Tamiami Trail in Central Sarasota. The location provides quick access to an abundance of premier grocery stores, such as Publix & Trader Joes, and is just a short 10-minute drive from Downtown Sarasota.

The sale was brokered by Phil Ginexi & Kyle Keelan of The Multifamily Firm. For additional information regarding the sale and/or upcoming offerings, contact us directly to join our distribution list for new exclusive listings!


  • Sale Price: $637,715 ($159,429/Unit)
  • Cash Deal w/ Substantial Deposit Non-Refundable Within 18 Days of Contract Execution
  • Sourced a New to Market Out of State All Cash Buyer/Investor
  • On the Market for 3 Days before Receiving Multiple Offers & Going Under Contract
  • Transaction Closed Within 35 Days of Contract Execution
  • Consists of 4 Units in 2 Masonry Buildings Built in 1971 on 1 Parcel of Approx. 0.37 Acres
  • Substantial Value-Add Opportunity w/ an Average Upside Potential of $350/Month/Unit
  • Desirable Unit Mix of 100% Two-bedroom Units with Washer/Dryer Hookups in All Units
  • Perfectly Positioned Within 5 Mins of the North & South Bridge Entrance to Siesta Key