For sale
Residential income properties
FL
Sarasota
34234
4773 VILLAGE GARDENS DRIVE 97

Sarasota Condo with Lush Setting

4773 VILLAGE GARDENS DRIVE 97, Sarasota, FL 34234

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For Sale

$238,900

Move-in ready, furnished condo with updated kitchen and great amenities.

Type:Condo/Townhome

Property size:

1,176 SF

Price / SF:

$203/SF

HighLights

Move‑in ready, furnished end‑unit condo in a desirable Sarasota location
Access to exceptional community amenities: heated pool, active clubhouse, tennis and pickleball courts
Spacious kitchen with ample updated cabinets and stainless‑steel appliances
Breathtaking living room with soaring high ceilings and abundant natural light
Conveniently located near SRQ Airport, downtown Sarasota, UTC, Ringling Museum, and Gulf Coast beaches
Newer AC (2019)

We can help!

Listing Contact

Judith Chandler, PA

Learn more

For Sale

$238,900

Move-in ready, furnished condo with updated kitchen and great amenities.

Type:Condo/Townhome

Property size:

1,176 SF

Price / SF:

$203/SF

Added:: Nov 9, 2024
Days on Market:: 577
Last Refresh:: May 19 at 10:43 pm

Property Features for 4773 VILLAGE GARDENS DRIVE 97

General Information

Standard status: Active
Size: 1,176 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 1981

We can help!

Listing Contact

Judith Chandler, PA

Listing agent Judith Chandler, PA License #3274334

Listing office LPT REALTY, LLC

Listing date Nov 9, 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 LPT REALTY, LLC

HighLights

Move‑in ready, furnished end‑unit condo in a desirable Sarasota location
Access to exceptional community amenities: heated pool, active clubhouse, tennis and pickleball courts
Spacious kitchen with ample updated cabinets and stainless‑steel appliances
Breathtaking living room with soaring high ceilings and abundant natural light
Conveniently located near SRQ Airport, downtown Sarasota, UTC, Ringling Museum, and Gulf Coast beaches
Newer AC (2019)

Overview

This furnished condo in Sarasota, FL, offers comfort, privacy, and convenience. Situated in a desirable end unit on a cul-de-sac, it features a two-car carport. The home boasts a living room with high ceilings and natural light. The spacious kitchen features updated cabinets and stainless-steel appliances. The great room has a vaulted ceiling and celestial windows, while the bright Florida room provides a retreat for relaxation. A newer AC unit was installed in 2019. Residents enjoy the amenities of Village Gardens, including a heated pool, active clubhouse, tennis and pickleball courts. The property is located near SRQ Airport, downtown Sarasota, University Town Center, the Ringling Museum, and Gulf Coast beaches. The property size is 1176 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$27.4k	$23.28
− Vacancy	−$1.5k	−$1.28
EGI	$25.9k	$22.00
− OpEx	−$11.6k	−$9.90
NOI	$14.2k	$12.10

1,176 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$203.3K

$177.9K – $237.2K (±1% cap)

NOI $14,229 @ 7.0% cap · market cap 5.96%

Second Best

—

no second resolved use

Theoretical Best

Office A

$345.8K

$302.6K – $403.5K (±1% cap)

NOI $24,208 @ 7.0% cap · market cap 10.13%

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

Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Sarasota
County: Manatee
State: Florida
Longitude: -82.5430663
Latitude: 27.3772994

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For sale
Residential income properties
FL
Sarasota
34234
4773 VILLAGE GARDENS DRIVE 97

What type of property is this?

Residential income property - Move-in ready, furnished condo with updated kitchen and great amenities.

Where is this residential income property located?

The property is located at 4773 VILLAGE GARDENS DRIVE 97 Sarasota, FL.

What is the asking price?

The asking price for this property is $238,900.

What are key features of this property?

This property features: Move‑in ready, furnished end‑unit condo in a desirable Sarasota location; Access to exceptional community amenities: heated pool, active clubhouse, tennis and pickleball courts; Spacious kitchen with ample updated cabinets and stainless‑steel appliances