Harmony @ Hyde Park
2015 S Tuttle Ave,
Sarasota, FL 34239
Dreznin Pappas Commercial Real Estate, LLC
$1,874,000
Price
12
Number of Units
$156,167
Price Per Unit
9,820
Building SF
8.09%
Cap Rate
22,076
Land SF
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$1,874,000
Price
12
Number of Units
$156,167
Price Per Unit
9,820
Building SF
8.09%
Cap Rate
22,076
Land SF
Investment Highpoints
Step into the world of opportunity with Harmony @ Hyde Park, a mixed-use gem located in the heart of Sarasota. This two-story building boasts six fully-occupied multifamily rental units, 4,400 sf of ground floor office space, and ample parking for all tenants. With masonry/block construction and a newer roof, this property is not just a place to invest, but a place to thrive.
Dive into the potential of this investment with numerous value-add opportunities waiting to be explored. Whether you're looking to capitalize on live-work accommodations or seeking a solid return on investment, Harmony @ Hyde Park offers a versatile canvas for your financial success. The property's updates and enhancements create a seamless transition for new ownership, ensuring a smoother cash flow and increased desirability for tenants.
Discover the allure of the Spacious 2BR/1BA apartment units, each averaging around 900 sf with balconies. These updated units command high rental rates, currently averaging $1,850+ per month, offering a lucrative income stream for investors. With tenants responsible for their electricity, this property presents a hassle-free investment opportunity in a thriving market.
Elevate your investment portfolio with ground floor office space that is fully occupied and rented, providing a stable income stream for savvy investors. With market rates trending higher at around $20 psfpy, the potential for increased returns is within reach. The property's strategic location in a predominantly residential area adds exclusivity and desirability for tenants seeking a prime business location. NOT in a flood zone (Fema map included in this OM)
Embrace the best of both worlds as an investor with Harmony @ Hyde Park. This mixed-use property not only offers a diverse income stream but also allows for strategic mitigation of market fluctuations. By diversifying between office and multifamily spaces, investors can safeguard their investment against the volatility of a single asset class, ensuring long-term stability and profitability.
Immerse yourself in the world of commercial real estate investment with DPCRE, LLC's exclusive opportunity to own a rare multifamily/office mixed-use property near downtown Sarasota. With recent capital improvements enhancing the property's appeal and functionality, this investment promises a seamless ownership transition and a promising future of financial growth. Don't miss out on the chance to secure your spot in this dynamic and lucrative market.
Location summary
The Harmony @ Hyde Park Mixed Use Investment Property is located at 2015 S. Tuttle Ave on the corner of Hyde Park Drive in the city limits of Sarasota, FL. Centrally located just east of Sarasota Memorial Hospital, in a heavy medical use corridor, the property offers great access and visibility for clients and employees alike.
The property’s 1/2 acre corner location on Tuttle Ave and Hyde Park Street provides both residential and office tenants easy access and convenient thoroughfares to employment and entertainment locations.
Located near the epicenter of Sarasota, FL which provides nice access for tenants specific to jobs, amenities, entertainment and groceries.
FOR MORE DETAILS CONTACT
Sean Dreznin
DREZNIN PAPPAS CRE, LLC
(941) 961-8199
tritoncre@gmail.com
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