Multifamily Property with Private
2119 & 2125 MONTCLAIR DRIVE 1 & 2, Sarasota, FL 34231
For Sale
$889,500
RMF1 zoning and central air conditioning are among the property’s documented features.
Property Size5,682 SF
Price / SF$178.90
Days on Market155
Property Features for 2119 & 2125 MONTCLAIR DRIVE 1 & 2
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Central
Crown Molding, Eat-in Kitchen, High Ceilings, Open Floorplan, Tray Ceiling(s), Walk-In Closet(s)
Driveway, Attached
Private Entrance
Building Details
Building Size
Year Built
Listing Agency:
The Multifamily Firm
Listed By:
Phil Ginexi · License #SL3266689
(631) 404-6060
Source:
Evrealestate
Added: Jun 8
Changed: Nov 7
Last Checked: Nov 8 at 5:53AM
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 The Multifamily Firm
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this multifamily property has central air conditioning and a central heating system. Interior features include an eat-in kitchen, an open floorplan, high ceilings, crown molding, tray ceilings, and walk-in closets. A private entrance and attached driveway are also listed among the property features.
The property is identified at 2119 and 2125 Montclair Drive in Sarasota. RMF1 zoning is reported for the site.
The property is identified at 2119 and 2125 Montclair Drive in Sarasota. RMF1 zoning is reported for the site.
Key Highlights
- Built in 2007
- RMF1 zoning
- Central air conditioning and central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,280
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,600
$905.6K
Cap Rate 7%
$646,857
$646.9K
Cap Rate 9%
$503,111
$503.1K
Market Conditions
NOI Build-Up for 4,972 SF
Gross rent
$91.9K $18.48/SF
− Vacancy
−$9.6K −$1.92/SF
EGI
$82.3K $16.56/SF
− OpEx
−$37.0K −$7.45/SF
NOI
$45.3K $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%
$905,600
Cap Rate 7%
$646,857
Cap Rate 9%
$503,111
Alternative Uses
Best Use
Apartment 5plus
$646.9K
$566.0K – $754.7K
NOI $45,280 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,916 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
520
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
$363,400
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Sarasota, FL
Properties on Market for Multifamily properties in Sarasota
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - RMF1 zoning and central air conditioning are among the property’s documented features.
Where is this multifamily property located?
The property is located at 2119 & 2125 MONTCLAIR DRIVE 1 & 2 Sarasota, FL.
What is the asking price?
The asking price for this property is $889,500.
What are key features of this property?
This property features: Built in 2007; RMF1 zoning; Central air conditioning and central heating
