22 Unit Complex in Sarasota, FL - 11 duplexes

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Services for Real Estate Pros with Forever Wealth Club

CASHFLOW! - 22 units in Sarasota! These are 11 duplexes, 21 units are 2/1's and one is a 3/1. The rents have not been kept in line with the market so they vary greatly. Each duplex is between 1200 and 1400 square feet. A super wal-mart has just agreed to build less than .7 miles from here so this has the potential to turn into commercial. These sit on approximately 2 acres. All units are concrete block and tiled throughout. Half of these are on HUD but have not been updated. HUD now pays $824 a month for 2/1's and $1024 for 3/1's in this area and there is a waiting list. The currents rents vary from the lowest of $585 to the highest 2/1 at $785, however, these are in the process of being bumped up by Section8 (HUD). You can buy one duplex or all 11. Comparables are hard to find but we feel each duplex will appraise at 235k+. Your price is $173,000 per duplex or, this is negotiable if you take them all. This is an up and coming area in Sarasota and the lowest priced multi-units around, a woodframe duplex is on the market right down the street for $260k. Go here for more info and pics - http://www.buyahousefromray.com/Sarasotaduplexes

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