Multifamily Residential Income
1213 Benedict Ct Sarasota, FL 34237
New
For Sale
$620,000
Multifamily residential income property configured to accommodate multiple households in Sarasota, Florida.
Property Size2,610 SF
Price / SF$237.55
Days on Market4
Property Features for 1213 Benedict Ct
General Information
- Standard status
- Active
- Size
- 2,610 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1997
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
Source:
Whitesandsfl
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:14AM
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 BEYCOME OF FLORIDA LLC
Investment Insights
Based on property information with market context.
This multifamily residential income property is presented as a multi-tribe home designed to accommodate multiple households. The offering totals 2,610 square feet and is positioned as a versatile option for rental income or housing multiple occupants.
Located at 1213 Benedict Ct in Sarasota, the property is described as being in a convenient area with access to local amenities, supporting a balance of privacy and community living.
For buyers and investors seeking a multi-household residential configuration in Sarasota, this property provides an opportunity to evaluate the unit layout and income potential based on its established purpose.
Located at 1213 Benedict Ct in Sarasota, the property is described as being in a convenient area with access to local amenities, supporting a balance of privacy and community living.
For buyers and investors seeking a multi-household residential configuration in Sarasota, this property provides an opportunity to evaluate the unit layout and income potential based on its established purpose.
Key Highlights
- Multi‑tribe/multifamily residential income property located at 1213 Benedict Ct in Sarasota, FL
- Year built: 1997
- Configured to accommodate multiple households, suitable for rental income or housing multiple occupants
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.8k | $23.28 |
| − Vacancy | −$3.3k | −$1.28 |
| EGI | $57.4k | $22.00 |
| − OpEx | −$25.8k | −$9.90 |
| NOI | $31.6k | $12.10 |
2,610 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$451.1K
$394.8K – $526.3K
NOI $31,580 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$767.5K
$671.6K – $895.4K
NOI $53,726 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Multifamily residential income property configured to accommodate multiple households in Sarasota, Florida.
Where is this multifamily property located?
The property is located at 1213 Benedict Ct Sarasota, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Multi‑tribe/multifamily residential income property located at 1213 Benedict Ct in Sarasota, FL; Year built: 1997; Configured to accommodate multiple households, suitable for rental income or housing multiple occupants
