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    1236 13Th St Sarasota, FL 34236

    For Sale
    $1,700,000

    Turnkey 5plex, prime location, high ROI.

    Property size:
    4,402 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional two-story, 4,402 square foot apartment building, constructed in 1961 and fully renovated in 2022, presents a lucrative investment opportunity in the heart of downtown Sarasota, Florida. The property, situated on a 6,180 square foot lot (APN 2025050018), boasts five units: four one-bedroom, one-bathroom apartments and one larger two-bedroom, 1.5-bathroom unit featuring a den and office. Each unit is fully furnished and turnkey ready, ideal for short-term or annual rentals. The building offers covered parking and on-site laundry facilities. Its prime location provides easy access to restaurants, shopping, the beach, and downtown amenities, including the farmers market, Bayfront Park, Main Street, Publix, and Whole Foods. The property's strong financial performance is reflected in its asking price of $1,700,000 ($340,000 per unit), a pro-forma cap rate of 8.20%, and a pro-forma NOI of $139,473. The permitted zoning is RMF4. This turnkey investment is poised for immediate income generation and significant future appreciation in a rapidly developing area. The building's excellent condition and desirable location make it an attractive option for both owner-occupants and investors seeking a high-return property in a vibrant urban setting.

    Property Features for 1236 13Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,402 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1961/2022
    Buildings
    1
    Stories
    2
    Units
    5

    HighLights

    • Prime Downtown Sarasota location.
    • Short‑term or annual rental potential.
    • Five‑unit multifamily investment property, ideal for owner‑occupancy or full rental.
    • Turnkey condition with significant area development.
    • Unit mix: four 1‑bed/1‑bath, one 2‑bed/1.5‑bath with den/office.
    • Convenient proximity to restaurants, shopping, and the beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Realty agency Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.546057445497
    Latitude
    27.349443074709

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey 5plex, prime location, high ROI.
    Where is this multifamily property located?
    The property is located at 1236 13Th St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime Downtown Sarasota location.; Short-term or annual rental potential.; Five-unit multifamily investment property, ideal for owner-occupancy or full rental.
    Request Owner's contact information
    1236 13Th St Sarasota, FL 34236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1236 13Th St Sarasota, FL 34236
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