Residential Income Property with
For Sale
$174,900
101-2920 Clark Rd, Sarasota, FL 34231
Shared laundry, a courtyard, and a swimming pool serve the community.
Property Size762 SF
Price / SF$229.53
Days on Market12
Property Features for 101-2920 Clark Rd
General Information
Standard status
Active
Size
762 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,746
Amenities
swimming pool
courtyard
shared laundry facilities
Building Details
Buildings
1
Listing Agency:
RE/MAX HARBOR REALTY
(941) 639-8500
Listed By:
Joe Mason · License #3438188
(941) 525-6252
Source:
Exprealty
Added: Oct 1
Changed: Oct 11
Last Checked: Oct 11 at 2:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX HARBOR REALTY
Investment Insights
Based on property information with market context.
This 762-square-foot residential income property is Unit 101 at Town 'N Country. Community amenities include a swimming pool, courtyard, and shared laundry facilities. The building roof was replaced in 2022.
Units 101, 102, and 204 in the building are being offered together. The property is on the Clark Road corridor, less than 3 miles from Siesta Key Beach and near shopping, dining, Detwiler's Farm Market, and Publix. Sarasota-Bradenton International Airport is approximately 10 miles away.
Units 101, 102, and 204 in the building are being offered together. The property is on the Clark Road corridor, less than 3 miles from Siesta Key Beach and near shopping, dining, Detwiler's Farm Market, and Publix. Sarasota-Bradenton International Airport is approximately 10 miles away.
Key Highlights
- 762‑square‑foot residential income unit
- Building roof replaced in 2022
- Community swimming pool, courtyard, and shared laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,939
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,780
$138.8K
Cap Rate 7%
$99,129
$99.1K
Cap Rate 9%
$77,100
$77.1K
Market Conditions
NOI Build-Up for 762 SF
Gross rent
$14.1K $18.48/SF
− Vacancy
−$1.5K −$1.92/SF
EGI
$12.6K $16.56/SF
− OpEx
−$5.7K −$7.45/SF
NOI
$6.9K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,780
Cap Rate 7%
$99,129
Cap Rate 9%
$77,100
Alternative Uses
Best Use
Apartment 5plus
$99.1K
$86.7K – $115.7K
NOI $6,939 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.6K
$189.5K – $252.7K
NOI $15,160 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Shared laundry, a courtyard, and a swimming pool serve the community.
Where is this residential income property located?
The property is located at 101-2920 Clark Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 762‑square‑foot residential income unit; Building roof replaced in 2022; Community swimming pool, courtyard, and shared laundry facilities
