Offering Highlights

• Strong Upside Potential to Increase Rents Over Existing Rents by $300 Per Month Per Unit w/ Implementing an Interior Unit Update Plan
• The Limelight Lofts are a Unique Asset Nestled in a Resurgent Area in the Path of Progress. This Offering Consists of 2 Adjacent Parcels. Each parcel has a 2-story Concrete Block 10-Unit Multifamily Building on it. A third adjacent parcel has a SFH and can be purchased as well, but is not included in this offering. The additional parcel is zoned DTE (Downtown Edge)
• Consisting of Sixteen (16) Studio Units and Four (4) One Bedroom Units, the Limelight Lofts Offer a Nice Array of Housing Options.
• Solid Concrete Block/Masonry Construction Buildings w/ On-site Laundry Facility
• New Shingle Roofs on All Both Multifamily Buildings (August 2019)
• Located Within Close Proximity to Main Street in Downtown Sarasota; A Short Trip to Some of Sarasota’s Best Rated Restaurants & an Abundance of Employment Opportunities This area has a newer designation called the "Limelight District" with a vision of a neighborhood atmosphere. There are repurposed properties that offer shopping, food trucks, recreation, etc.