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    120 Granada Blvd North Port, FL 34287

    For Sale
    $3,300,000

    Florida Rental Portfolio: High Cap Rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a stabilized portfolio of nineteen single-family rental units across nine properties located in desirable areas of Sarasota, Charlotte, and Manatee Counties, Florida. The portfolio boasts a compelling 8.49% cap rate and an asking price of $3,300,000. Properties are situated in North Port (four properties), Port Charlotte (three properties), Bradenton (one property), and Englewood (one property), and Punta Gorda (one property). Addresses include 120 Granada Blvd, 205 Granada Blvd, 205 Santurce Ave in North Port

    Property Features for 120 Granada Blvd

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    19

    HighLights

    • Nine‑property multifamily portfolio offering excellent stability and tenant occupancy.
    • Low vacancy rates with long‑term leases.
    • Ideal for first‑time portfolio investors or portfolio expansion.
    • Properties situated in areas unaffected by recent storms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.2556505
    Latitude
    27.0481172

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    FAQs

    What type of property is this?
    Multifamily property - Florida Rental Portfolio: High Cap Rate
    Where is this multifamily property located?
    The property is located at 120 Granada Blvd North Port, FL.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Nine-property multifamily portfolio offering excellent stability and tenant occupancy.; Low vacancy rates with long-term leases.; Ideal for first-time portfolio investors or portfolio expansion.
    (813) 493-0507
    Request Owner's contact information
    120 Granada Blvd North Port, FL 34287
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    North Port, FL 34287
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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
    120 Granada Blvd North Port, FL 34287
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