4520 Biscayne Dr North Port, FL 34287
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High-yield, 28-unit apartment building in Sarasota County.
Property size:
339,090 SFProperty Features for 4520 Biscayne Dr
General Information
- Property type
- Multifamily properties
- Square Feet
- 339,090 SF
- Class
- B
- Lot Size
- 338,897 SF
Building Details
- Year Built
- 2008
- Buildings
- 8
- Units
- 28
Listing Agency: RE/MAX Palm Realty Listing Agent: Regina Melman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 28-unit luxury apartment complex in North Port, Florida, presents a compelling investment opportunity. Boasting a 99% occupancy rate and a 5.68% cap rate, this Class B property offers significant potential for return. The complex, built in 2008, comprises eight buildings situated on a 7.78-acre lot with two secure entrances. Each of the 28 units features 1,852 square feet of living space, including three bedrooms and two bathrooms, a detached oversized single-car garage, and hurricane-resistant windows and doors (130 mph wind rating). Recent upgrades include new metal roofs (installed 12/21/2022) with a 10-year installation and 25-year material warranty. Amenities include a large community pool and a 3,600-square-foot recreation building with a wet bar. The property is equipped with public water and sewer, and infrastructure is in place for future expansion, with underground utilities for an additional 13 lots and 78 condo units. High-end finishes such as granite countertops, stainless steel sinks, GE appliances, and tankless water heaters are standard. The property is offered at $12,750,000 and is zoned RMF-RESIDENTIAL MULTI-FAMILY. Seller financing is available. This is a net lease investment.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- North Port
- County
- Sarasota
- State
- Florida
- Longitude
- -82.2466745
- Latitude
- 27.0530499
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FAQs
What type of property is this?
Multifamily property - High-yield, 28-unit apartment building in Sarasota County.
Where is this multifamily property located?
The property is located at 4520 Biscayne Dr North Port, FL.
What is the asking price?
The asking price for this property is $12,750,000.
What are key features of this property?
This property features: 7.78-acre site with two secure entrances.; 28 units, each with 1,852 square feet of living space.; Three-bedroom, two-bathroom floor plans.
