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10-Unit Townhome-Style Apartment Complex
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2744 Proctor Rd, Sarasota, FL 34231

Fully occupied community with two-bedroom layouts, private patios, a swimming pool, and recent capital improvements.

Property Size14,780 SF
Days on Market120

Property Features for 2744 Proctor Rd

General Information

Standard status Active
Size 14,780 SF
Class B
Total Parking Spaces 32
Property subtype Multifamily
Zoning RMF-2
Occupancy 100%
Investment Type Value Add
Net Operating Income $135,310

Units

Unit Mix 10 x 2BR/1.5BA
Multifamily Units 10

Amenities

pool
in-unit washer/dryers
screened-in patios
master bedroom balconies
sun deck
abundant parking

Building Details

Year Built 1981
Year Renovated 2025
Buildings 2
Stories 2
Units 10
Tenancy Multi
Construction masonry
Listing Agency: The Multifamily Firm
Listed By: Phil Ginexi · License #FL SL3266689
Source: Crexi
Added: May 5 Changed: Aug 31 Last Checked: Aug 31 at 6:20AM

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

Investment Insights

Based on property information with market context.

This 10-unit apartment property contains 14,780 square feet across masonry buildings constructed in 1981. Every residence offers a two-bedroom, one-and-a-half-bath layout in a two-story townhome configuration, with in-unit washers and dryers, screened patios, and master-bedroom balconies. The site includes a built-in swimming pool, sun deck, two parking lots, and separate entrances serving each building.

Capital work includes roof replacement completed in 2023, exterior painting, a resurfaced pool deck, and multiple interior updates. The property is fully occupied, with utilities paid directly by tenants to service providers. Each unit has a separate parcel ID, creating potential flexibility for future ownership structuring. Zoned RMF-2, the property is in FEMA Zone X and is located within 10 minutes of Siesta Key Beach in Sarasota.

Key Highlights

  • 10 apartment units totaling 14,780 square feet
  • All 10 units feature two‑bedroom, one‑and‑a‑half‑bath floorplans
  • Fully occupied property with tenant‑paid utilities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Parking Lot & Garage Restaurant Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

386
Businesses Nearby

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

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied community with two-bedroom layouts, private patios, a swimming pool, and recent capital improvements.
Where is this apartment building located?
The property is located at 2744 Proctor Rd Sarasota, FL.
What are key features of this property?
This property features: 10 apartment units totaling 14,780 square feet; All 10 units feature two‑bedroom, one‑and‑a‑half‑bath floorplans; Fully occupied property with tenant‑paid utilities
(941) 444-6160 Call to check price and availability
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