The Multifamily Firm Sells 16-Unit Apartment Complex in Sarasota, FL

The Multifamily Firm is proud to announce the sale of  a 16 Unit Apartment Complex located in the beautiful Sarasota, Florida! With a  brokered acquisition & disposition of the asset, this sale produced a 126% return on investment for the property seller with a 4-year hold. 

With a closing sale price of $3,275,00, each unit of the property has sold form $204,688 each. The buyer of this 16-unit apartment complex in Sarasota, FL, truly realized the true potential of investment, as this multifamily property has a rental upside of over $350/Month/Unit.

With 12 offers and 368 registered buyers from 37 states this 1972 block construction property attracted interest from all over. This isn’t the first time this property has seen such great interest as this is the second sale of the property in 4 years by Florida’s premier investment real estate brokerage, the Multifamily Firm!

With a favorable mix of 75% two bed/two bath units located outside of a flood zone, we are positive that this property will continue to flourish for years ahead. 

If you are looking for a trusted multifamily realtor in the Tampa, FL, and Sarasota, FL areas, the Multifamily Firm would be happy to assist you in your multifamily property journey. We are a premier investment real estate brokerage that focuses exclusively on the disposition and acquisition of multifamily properties. Contact us today for more information on how we can help you find your dream property.