Duplex Portfolio * 6.4+ % Year One Return

Sarasota & Bradenton,
Sarasota & Bradenton, FL 34234

DREZNIN PAPPAS COMMERCIAL REAL ESTATE LLC

$1,120,000
Price
6
Number of Units
$186,667
Price Per Unit
4,684
Building SF
5.09%
Cap Rate
18,255
Land SF
$1,120,000
Price
6
Number of Units
$186,667
Price Per Unit
4,684
Building SF
5.09%
Cap Rate
18,255
Land SF

Investment Highlights

  • 3 Duplexes in this Portfolio Offering. Each duplex can be purchased individually or paired up if desired. Concrete Block Construction Partial updates over the past 3-5 years include needed repairs or replacements specific to HVAC systems, plumbing, electrical, etc
  • There is news out there about Fannie Mae reducing down payments for owner occupied property purchases (4-units, 3-units & Duplexes) to 5% which may be perfect to research for these properties. https://nationalmortgageprofessional.com/news/fannie-mae-slashes-down-payment-requirements-multifamily-homes-5
  • There is substantial upside in the rents based on area comparable rental rates (provided in individual OM's) Long Term tenants in place with utility costs born by the tenants.

Location Summary

  • Located both in Manatee County and Sarasota County, this portfolio provides an ease of access for tenants, jobs, amenities and for property management. The locations can easily be reached by US-41 and US-301. There are other tertiary roads that can be used and provide convenience to such employers as the Airport, Health Care (Hospitals), Bealls, First Watch, Downtown Sarasota & Bradenton, Local Schools, Government Offices and other large employers such as Publix, Walmart, Roper Tech, KHS, Tervis, FPL, etc.
FOR MORE DETAILS CONTACT
Sean Dreznin
DREZNIN PAPPAS CRE, LLC
(941) 961-8199
tritoncre@gmail.com