Pelican Cove Villas
1910 Debbie St,
Sarasota, FL 34231
Dreznin Pappas Commercial Real Estate, LLC
$2,277,000
Price
8
Number of Units
$284,625
Price Per Unit
7,483
Building SF
6.07%
Cap Rate
30,000
Land SF
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$2,277,000
Price
8
Number of Units
$284,625
Price Per Unit
7,483
Building SF
6.07%
Cap Rate
30,000
Land SF
Investment Apex
4 separate parcels with 4 buildings in this offering. Each parcel has one duplex with each unit being a 2 bedroom / 2 bathroom with Washer & Dryer Hookups. The properties can be purchased individually or a a la carte package if desirable.
The unit size average is 935 SQ FT. Interior renovations have been completed throughout with quartz countertops, flooring, kitchens and bathroom updates.
Tenants are responsible for electric, water and sewer costs.
According to Fema address map search, it appears that three of the four parcels are within Zone X, which is a minimal flood zone, (its not outside of a flood zone and its not Zone AE which is a certified flood area.)
Location Summary
Sarasota enjoys a reputation as one of Florida’s premier communities, and it’s easy to see why: not content to be just another beach town on the sugar-white sands of the Gulf Coast, Sarasota boasts gorgeous architecture, cosmopolitan dining and nightlife, and one of the most vibrant art scenes in the Southeast.
Just West of US-41 (S. Tamiami Trail) the proximity of these units allows tenants easy access to work, amenities, entertainment and other desirable options (Sarasota Bay, Gulf of America, Parks, Golf, etc)
The location of the Pelican Cove Villas puts it close to the beaches but not in an AE Flood zone (Fema map included).
FOR MORE DETAILS CONTACT
Sean Dreznin
DREZNIN PAPPAS CRE, LLC
(941) 961-8199
tritoncre@gmail.com
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