Sarasota Apartment Complex For sale by NAI Tampa Bay

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Sarasota Apartment Complex For sale by NAI Tampa Bay
2067 Hillview Street, Sarasota, FL 34239

Sarasota Apartment Complex For Sale - Sean Dreznin

Sarasota Apartment Complex For Sale

NAI Tampa Bay is pleased to offer the exclusive right of sale for the Hillview/Chez Ami Apartment Complex. The Hillview/Chez Ami Apartments is a 60 unit apartment complex in Sarasota, Florida. The Hillview Apartments total 46 units and are situated on the North side of the road. Hillview consists of 5 two-story buildings & 2 one-story buildings which were constructed in 1969. The Chez Ami apartments situated on the South side of the road, total 14 units, and consist of 2 two-story buildings built in 1966. The buildings are garden style apartments that have outdoorentrances, with concrete block construction, and pitched roofs.

Click here for a comparable sale that closed 12/5/2013 (Located one block South)

Within the past few years substantial renovations and improvements have been completed on most of the units of the property, including new kitchen cabinets, new appliances, new tile/vinyl flooring, and new closet doors. Landscaping has been improved & enhanced for the tenants enjoyment. These improvements have propelled Hillview/Chez Ami to be one of the most highly desired locations in the area.

The property is situated right off of US 41, across from Sarasota Memorial Hospital. The location is in close proximity to Sarasota High School, restaurants, shopping, and is within minutes of downtown Sarasota & the Bayfront. The Hillview/Chez Ami is a stable and affordable property that is well maintained. The property produces a strong NOI and has traditionally enjoyed above average occupancy rates. Hillview/Chez Ami provides an opportunity to invest in a community that will provide substantial cash flow while appreciating in value in the long term due to the highly desired location and already completed condominium conversion.

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2 Comments

Filed under Commericial Real Estate Articles & News, Investment Real Estate

2 responses to “Sarasota Apartment Complex For sale by NAI Tampa Bay

  1. Pingback: Sarasota apartments sell for $1.6 million | Suncoast Investment Real Estate

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