Dreznin Pappas Commercial Real Estate, LLC
Investment Highlights
- The Gables of Gulf Gate is a 4-unit multifamily property located in the desirable Gulf Gate area of Sarasota, Florida. Built in 1966 and completely renovated in 2024.
- The property presents strong value-add potential with current rents around $1,600 per month compared to market rents of $1,695, indicating approximately $95 per unit monthly upside.
- This gem shines bright post-2024 renovations, fresh landscaping, exterior paint, interior renovations, and a host of upgrades that elevate its investment appeal.
- Enjoy stable cash flow and minimal turnover, positioning this property as a secure and promising addition to your investment portfolio.
Location Points
- This gem of a property is in the heart of the Gulf Gate community offering walking distance amenities and quick trips to the beach, shopping, restaurants and jobs.
- Located in Sarasota County this area provides ease of access heading East to I-75 via Clark Rd or US-41 (tamiami trail) and a quick trip over the south bridge to access the quartz sands of Siesta Key Beaches.
- Moments from entertainment, new Benderson Commercial development, restaurants, employment, etc.