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For sale
Residential income properties
FL
Sarasota
34235
3900 ROXANE BOULEVARD 11A

Remodeled Condo in 55+ Community

3900 ROXANE BOULEVARD 11A Sarasota, FL 34235

3900 ROXANE BOULEVARD 11A, Sarasota, FL, 34235

$159,900

For Sale

$159,900

Move-in ready, remodeled 2-bedroom condo in a 55+ community.

Property Size868 SF

Price / SF$184.22

AddedNov 14, 2024

Days on Market609

Last RefreshJul 16 at 7:26 am

Property Features for 3900 ROXANE BOULEVARD 11A

General Information

Standard status: Active
Size: 868 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 1964

Listing office COLDWELL BANKER REALTY

Listing date Nov 14, 2024

Source Exitrealty

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 COLDWELL BANKER REALTY

Investment Insights

Based on property information with market context.

This move-in ready, remodeled 2-bedroom condo is located on the first floor within a 55+ community. The property offers 868 square feet of living space. A covered, screened lanai provides an outdoor relaxation area. Community amenities include a pool. Additional storage space is available in a separate area, and a common laundry area is provided. The community is centrally located near Sarasota attractions, restaurants, golf courses, shops, and medical facilities. This home is one of the most affordable options in the whole area.

Key Highlights

Move‑in ready, freshly remodeled 2‑bedroom condo.
Located in a 55+ community close to Sarasota attractions, restaurants, golf courses, shops, and doctors.
Most affordable option in the area.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$20.2k	$23.28
− Vacancy	−$1.1k	−$1.28
EGI	$19.1k	$22.00
− OpEx	−$8.6k	−$9.90
NOI	$10.5k	$12.10

868 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$150.0K

$131.3K – $175.1K (±1% cap)

NOI $10,503 @ 7.0% cap · market cap 6.57%

Second Best

—

no second resolved use

Theoretical Best

Office A

$255.3K

$223.4K – $297.8K (±1% cap)

NOI $17,868 @ 7.0% cap · market cap 11.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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Suggested Use

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For sale
Residential income properties
FL
Sarasota
34235
3900 ROXANE BOULEVARD 11A

What type of property is this?

Residential income property - Move-in ready, remodeled 2-bedroom condo in a 55+ community.

Where is this residential income property located?

The property is located at 3900 ROXANE BOULEVARD 11A Sarasota, FL.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: Move‑in ready, freshly remodeled 2‑bedroom condo.; Located in a 55+ community close to Sarasota attractions, restaurants, golf courses, shops, and doctors.; Most affordable option in the area.