Newtown Heights First Add To Homes with Block Exterior Construction

Newtown Heights First Add To Homes with Block Exterior Construction

Welcome to Newtown Heights First Add To, a captivating subdivision nestled in the heart of North Sarasota, Florida. This vibrant community is a hidden gem, offering a perfect blend of charm and modern living. With its rich history and a strong sense of community, Newtown Heights is an ideal place for families, retirees, and anyone looking to enjoy the warm Florida lifestyle.

One of the standout features of homes in this subdivision is their sturdy block exterior construction. This not only enhances the durability and longevity of the homes but also provides excellent insulation, keeping you comfortable year-round. Whether you’re a first-time homebuyer or looking to downsize, the properties here offer a variety of layouts and designs to suit your needs, all while embodying the essence of Florida living.

Living in Newtown Heights means being part of a close-knit community with easy access to local amenities. Enjoy the nearby parks, schools, and shopping centers that cater to all your daily needs. Plus, with the stunning Gulf Coast beaches just a short drive away, you can indulge in sun-soaked days and breathtaking sunsets whenever you wish.

If you’re seeking a home that combines quality construction with a welcoming atmosphere, look no further than Newtown Heights First Add To. Discover the perfect blend of comfort and community in this charming North Sarasota neighborhood. Your dream home awaits!

Newest Newtown Heights First Add To Homes with Block Exterior Construction

2700 Palmadelia Avenue, Sarasota
$2,750,000
Newtown Heights First Add To SubDv. ⋅ 34234 Zip Code
PALMADELIA APARTMENTS | 10-UNIT SARASOTA MULTIFAMILY INVESTMENT Discover an established income-producing apartment community at 2700 Palmadelia Avenue, Sarasota, FL 34234. Offered at $2,750,000, this 10-unit multifamily property combines existing rental income, a desirable Sarasota location, and potential value-add opportunities near Downtown Sarasota. THE PROPERTY | Ten apartments consisting of eight 3-bedroom, 1-bathroom residences and two 2-bedroom, 1-bathroom residences. Built in 1980, the two-story apartment building offers approximately 7,744 square feet of living area on a 0.54-acre parcel with approximately 23 on-site parking spaces. Ownership reports full occupancy. RENTAL INCOME | Current scheduled gross rental income of $204,000 annually, averaging $1,700 per apartment monthly. These figures represent scheduled rents, not independently verified historical collections. VALUE-ADD POTENTIAL | Existing rental rates offer opportunities to evaluate future rent adjustments, lease renewals, and operational improvements, subject to market conditions, existing lease agreements, applicable laws, and buyer due diligence. Investment underwriting identifies potential rental growth without requiring a substantial redevelopment strategy. PROPERTY FEATURES | Established 10-unit multifamily building with a combination of spacious two- and three-bedroom apartments, on-site parking, and an existing rental history. The property's unit mix provides flexibility for long-term residential rental operations. LOCATION | Situated in Sarasota's Newtown neighborhood, near Downtown Sarasota, with convenient access to US-301, major employment centers, shopping, dining, and regional Gulf Coast amenities. THE OPPORTUNITY | An established Sarasota multifamily investment property for buyers seeking existing rental income, operational flexibility, and potential long-term value creation. Suitable for consideration by private multifamily investors and 1031 exchange purchasers. Offering memorandum, current rent roll, and investment underwriting available for qualified purchasers. All income, expenses, occupancy, leases, property details, and investment projections are subject to independent buyer verification.

2700 Palmadelia Avenue, Sarasota
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