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    Las Palmas Townhouse with Amenities Title is generated by Realmo AI

    5600 BENTGRASS DRIVE 103, Sarasota, FL 34235

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    For Sale
    $338,900

    Townhouse with resort-style amenities, renovated features, and convenient location.

    Type:Condo/Townhome
    Property size:
    1,615 SF
    Price / SF:
    $209/SF
    Added:
    Oct 30, 2024
    Days on Market:
    606
    Last Refresh:
    May 20 at 1:58 am

    Property Features for 5600 BENTGRASS DRIVE 103

    General Information

    Standard status
    Active
    Size
    1,615 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2002

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    Naty Gomes

    Listing office COLDWELL BANKER REALTY

    Listing date Oct 30, 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

    HighLights

    • Resort‑style amenities: Enjoy 2 heated pools, clubhouse, heated spa, tennis court, fitness center, and billiard room.
    • Convenient location: Near University Parkway, I‑75, UTC Mall, fine dining, shopping, the airport, and Nathan Benderson Park.
    • Features 3 bedrooms and 2 bathrooms.
    • Renovated bathrooms.
    • Stone countertops in the kitchen.
    • Brand‑new stainless steel appliances.

    Overview

    This townhouse in Las Palmas features 3 bedrooms and 2 bathrooms. The property offers access to resort-style amenities, including 2 heated pools, a clubhouse, a heated spa, a tennis court, a fitness center, and a billiard room. The home features renovated bathrooms and stone countertops in the kitchen. Brand-new stainless steel appliances are installed. The location provides convenient access to University Parkway, I-75, UTC Mall, fine dining, shopping, the airport, and Nathan Benderson Park. The property size is 1615 square feet.

    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 $37.6k $23.28
    − Vacancy −$2.1k −$1.28
    EGI $35.5k $22.00
    − OpEx −$16.0k −$9.90
    NOI $19.5k $12.10
    1,615 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $279.2K
    $244.3K – $325.7K (±1% cap)
    NOI $19,541 @ 7.0% cap · market cap 5.77%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $474.9K
    $415.6K – $554.1K (±1% cap)
    NOI $33,244 @ 7.0% cap · market cap 9.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Kid Friendly Family ... Family Counselor Setliff Tracey N Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.4574963
    Latitude
    27.3742301

    FAQs

    What type of property is this?
    Residential income property - Townhouse with resort-style amenities, renovated features, and convenient location.
    Where is this residential income property located?
    The property is located at 5600 BENTGRASS DRIVE 103 Sarasota, FL.
    What is the asking price?
    The asking price for this property is $338,900.
    What are key features of this property?
    This property features: Resort‑style amenities: Enjoy **2 heated pools, clubhouse, heated spa, tennis court, fitness center, and billiard room.**; Convenient location: Near University Parkway, I‑75, UTC Mall, fine dining, shopping, the airport, and Nathan Benderson Park.; Features 3 bedrooms and 2 bathrooms.
    More about this property
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