Small Multifamily Income
4704 Swift Rd Sarasota, FL 34231
4704 Swift Rd, Sarasota, FL, 34231
Contact for pricing
For Sale
Contact for pricing
Five-unit apartment property with kitchen and bathroom flooring upgrades across the residences.
Property Size5,608 SF
Price / SF$280.85
Days on Market112
Property Features for 4704 Swift Rd
General Information
- Standard status
- Active
- Size
- 5,608 SF
- Property subtype
- Multifamily
Listing agency
Dreznin Pappas Commercial Real Estate LLC
Listed by
Sean Dreznin · License #FL SL3233805
Source
Crexi
Added: Apr 1 Updated: Jul 20 at 5:42PM Checked: Jul 20 at 5:42PM
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 Dreznin Pappas Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Riverview Residences is a five-unit multifamily property offered on one parcel. The current unit mix consists of one 4/2 single-family home and four 2/1 units. Interior improvements include flooring upgrades in the kitchens, bathrooms, and throughout the units.
The property is located at 4704 Swift Rd in Sarasota, Florida.
As presented, the asset offers an owner the benefit of multiple residential units on a single parcel with established unit mix and upgraded flooring finishes.
The property is located at 4704 Swift Rd in Sarasota, Florida.
As presented, the asset offers an owner the benefit of multiple residential units on a single parcel with established unit mix and upgraded flooring finishes.
Key Highlights
- Riverview Residences is a 5‑unit apartment property on 1 parcel
- Unit mix includes one 4/2 SFH and four 2/1 units
- Kitchen flooring upgrades are included across the units
Local 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 | $130.6k | $23.28 |
| − Vacancy | −$7.2k | −$1.28 |
| EGI | $123.4k | $22.00 |
| − OpEx | −$55.5k | −$9.90 |
| NOI | $67.9k | $12.10 |
5,608 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$969.4K
$848.2K – $1.13M
NOI $67,856 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,440 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-unit apartment property with kitchen and bathroom flooring upgrades across the residences.
Where is this apartment building located?
The property is located at 4704 Swift Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Riverview Residences is a 5‑unit apartment property on 1 parcel; Unit mix includes one 4/2 SFH and four 2/1 units; Kitchen flooring upgrades are included across the units
