Monthly Archives: January 2014

67-unit – 3 Property Apartment Package available through NAI Tampa Bay in Sarasota, FL

67-unit – 3 Property Apartment Package available through NAI Tampa Bay in Sarasota, FL

Quality Affordable housing available for Sale.  Contact Sean Dreznin with NAI Tampa Bay at 941-961-8199 to request a CA.

Quality Affordable housing available for Sale. Contact Sean Dreznin with NAI Tampa Bay at 941-961-8199 to request a CA.

Highlights

67 units
46,000 SF of building
141,000 SF of land
95% occupancy or higher for the 3 properties
Offered at a 7.3% cap rate
Commission offered is 1.5%

Contact our office to complete a Confidentiality Agreement.

Do not approach tenants or management (On Site)

Description

NAI Tampa Bay is proud to present this 67 unit, 3 property opportunity. The 3 property’s are located within 2 miles of each other and present a seamless and efficient transition for a 1031 buyer or investor. There is management in place or other options exist, if desired.

Located north of downtown Sarasota. The 3 properties are all located along or just off of US 41. Most of the units are located across from Ringling College of Art and Design and a good portion of the current tenants are students attending Ringling College.

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NAI Tampa Bay brings 2 Sarasota Apartment complexes to the market for sale

NAI Tampa Bay brings 2 Sarasota Apartment complexes to the market for sale

Complex #1 – Indian Beach Apartments
26 -units

Indian Beach Apartments in Sarasota, FL available for sale by NAI Tampa Bay & Sean Dreznin

Indian Beach Apartments in Sarasota, FL available for sale by NAI Tampa Bay & Sean Dreznin

Unit Mix consists of 18 – Two Bedroom & One Bath units
1 – Three Bedroom & Three Bath SF Home rental ($1,500/mo)
1 – One Bedroom & One Bath SF Home rental ($500/mo)
4 – Cottage (One Bedroom & One Bath) rentals
2 – One Bedroom & One Bath Apartments

Across from Ringling College of Art & Design

Just a couple blocks from the Bayfront

Close to shopping, restaurants, gas, etc.

Can be purchased with complex #2 (which would total 51 units)

Complex #2 – Coastwood I & II Apartments
25 – units

Coastwood I & II Apartments in Sarasota, FL available for sale by NAI Tampa Bay & Sean Dreznin

Coastwood I & II Apartments in Sarasota, FL available for sale by NAI Tampa Bay & Sean Dreznin

13 units on South Side of Property
12 units on North Side of Property

SOUTH SIDE
units #12 & 13 – 1 bed/ 1 bath
11 – Studios (all the rest)
TOTAL: 13

NORTH SIDE
Units 1,6 & 12 – 1 bed/1 bath
9 – Studios (all the rest)
TOTAL: 12

Located just minutes from Downtown & Bird Key

Property(s) adjacent and located directly to the South were recently acquired to
create a museum and park for a private investor.

This property is also across from Ringling College of Art & Design and can cater
to students or the general public.

This property can also be combined with Indian Beach to create a 51-unit portfolio

Contact Sean Dreznin at SDR@NAITampabay.com or srqcre@gmail.com to request a confidentiality agreement.

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A 248-unit Apartment complex in Sarasota sells for $35.5 million. $12+ million less then it sold for in 2005.

Cypress Mayfair Ltd., a Fort Lauderdale company managed by Peter W. Wright, sold a 248-unit apartment complex at 5010 Central Sarasota Parkway in Palmer Ranch to Sarasota Place Apartments Property Owner LLC for $34.5 million.

Pic via article in Herald Tribune - Michael Braga - Sarasota Apartments

Pic via article in Herald Tribune – Michael Braga – Sarasota Apartments

By Michael Braga via Inside Real Estate – Herald Tribune

Cypress Mayfair paid $46.6 million for the complex in October 2005.

Sarasota Place Apartments, a subsidiary of Los Angeles-based JRK Property Holdings, financed its purchase with a $27.6 million loan from Walker & Dunlop LLC.

For complete article, CLICK HERE <—-=====

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16 Sarasota apartments and vacant land sell for $1.075 million

16 Sarasota apartments and vacant land sell for $1.075 million

Sean Dreznin from NAI Tampa Bay sells Apartments

Sean Dreznin from NAI Tampa Bay sells Apartments

By Michael Braga , Herald-Tribune

Trusts in the name of William R. Parfenchuk and Joan Gardyasz sold four properties in Sarasota for $1.075 million.

One of the properties was an 8-unit apartment building at 2802 Maiden Lane, which last sold for $390,000 in August 1999.

The other properties consisted of 2 four unit buildings at 2810 West Rainbow Circle and 2826 West Rainbow Circle and a parcel of land on Swift Road.

The land seems to offer the opportunity to build additional units.

CLICK HERE TO SEE OTHER APARTMENTS FOR SALE <—-=====

Click Here for complete article <—-=====

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Apartments selling quickly in the Sarasota, FL Market

Apartments selling quickly in the Sarasota, FL Market

Crosswynde Condo Complex sold by NAI Tampa Bay

Crosswynde Condo Complex sold by NAI Tampa Bay

If you are looking to purchase apartments, then look no further.

NAI Tampa Bay has these to offer;

8-units – Sarasota
9-units – Sarasota
10-units – Englewood
11-units- Venice
11-units – Sarasota
12-units – Sarasota
13-units – Sarasota
16-units – Sarasota
16-units – Sarasota
18-units – Sarasota
24-units – Sarasota
25-units – Bradenton
26-units – Sarasota
28-units – Sarasota <—=== This one is Calling for all Offers ASAP!
55-units – Bradenton
60-units – Sarasota
101-units – Sarasota

Contact Sean Dreznin at sdr@naitampabay.com or 941-961-8199 for a Confidentiality Agreement.

Bradenton apartments for sale by Sean Dreznin & Andrew Haddad

Bradenton apartments for sale by Sean Dreznin & Andrew Haddad

 NAI Tampa Bay

NAI Tampa Bay

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Residents speak out on Gulfstream development

Residents speak out on Gulfstream development

Date: January 13, 2014
by: David Conway | News Editor

Tim Litchet, the city’s director of Neighborhood and Development Services, speaks at a meeting regarding a proposed bayfront development on Monday at City Hall.

City staff was forced to haul extra seats into Room 112 at City Hall Monday, as the crowd inside had expanded beyond the space’s original capacity in advance of a meeting regarding a controversial traffic study.



Vue Sarasota Bay is a condominium and hotel project under development at the corner of U.S. 41 and Gulfstream Avenue
. The Kolter Group, the project’s developer, has waited for a final seal of approval from the city while staff considered whether a traffic study, commissioned by the city, met the standards outlined in the zoning code and comprehensive plan.

The major contentions from the Ritz Residences are that the traffic study didn’t measure the development’s impact on adjacent streets or provide a satisfactory plan for managing internal traffic. City Attorney Robert Fournier said last week those complaints had some merit. In particular, the intersection of U.S. 41 and Ritz Carlton Drive — which wasn’t studied because it’s not signalized — would see significant backups, Ritz residents at Monday’s meeting asserted.

For complete article and comments,ritz vue golden gate <—====

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2013 in review

The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog.

Here’s an excerpt:

A San Francisco cable car holds 60 people. This blog was viewed about 3,400 times in 2013. If it were a cable car, it would take about 57 trips to carry that many people.

Click here to see the complete report.

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