Sarasota apartments sell for $1.6 million
Click Here For Apartments For Sale in Sarasota (One block from the property that just sold and priced at $68,750 per door (Negotiable!), pictured above)
By Josh Salman , Herald-Tribune / Wednesday, December 4, 2013
A Venice company managed by Aris Mardirossian has picked up a 24-unit apartment complex near the hospital for $1.6 million or $66,667 per door.
Citadel Apartments of Sarasota LLC used a $1.2 million mortgage with Branch Banking and Trust Co. to finance the deal, court records show.
Consisting of two separate buildings that house 12 units each, Catalina Apartments is located at 2023–2045 Hyde Park St., behind the Goodwill drop off location near Sarasota Memorial Hospital.
Seller SM-Catalina LLC, a Sarasota company managed by John Newsome and Michael Doyle, had owned the property since November 2007, when they bought it for nearly $1.7 million, court records show.
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