Newtown Heights First Add To Homes with No Pool Pool type

Welcome to Newtown Heights First Add To, a charming and vibrant subdivision nestled in the heart of North Sarasota, Florida. This delightful community offers a unique blend of convenience, comfort, and a welcoming atmosphere, making it the perfect place to call home.

Newtown Heights First Add To features a variety of homes, each exuding character and charm. The residences in this area are designed for those who appreciate a cozy, family-oriented environment. With no pool options available, these homes provide a fantastic opportunity for buyers looking to create their own outdoor oasis, whether it be a lush garden, a spacious patio for entertaining, or a serene retreat for relaxation.

Living in North Sarasota means you are just a stone's throw away from the stunning beaches of the Gulf Coast, as well as an array of dining, shopping, and recreational options. The community is conveniently located near major roadways, making it easy to explore all that Sarasota has to offer, from its vibrant arts scene to its beautiful parks and nature preserves.

The friendly atmosphere of Newtown Heights First Add To fosters a sense of community, where neighbors become friends and families thrive. Whether you’re a first-time homebuyer or looking to settle down in a peaceful neighborhood, this subdivision is an excellent choice for those seeking a balanced lifestyle in sunny Florida.

Discover the charm of Newtown Heights First Add To and envision your future in this delightful North Sarasota community today!

$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

Newtown Heights First Add To Homes with No Pool Pool type

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