3350 Osprey Ave Sarasota, FL 34239
- Residential income homes
- 751 SF
Current Use by Public Records
- Residential income homes
Property Details for 3350 Osprey Ave
- Year built
- 1969
- Property size
- 751 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents eight fully occupied, income-producing condominiums in Sarasota, Florida's desirable Oasis on Osprey community. This portfolio comprises four two-bedroom, two-bathroom units and four one-bedroom, one-bathroom units, all boasting modern updates completed since 2019, including new roofs, plumbing, and repaved parking. Units feature stainless steel appliances, granite countertops, in-unit laundry, and contemporary flooring. First-floor units offer private courtyards. The property enjoys a 100% occupancy rate, generating a current NOI of $238,970 and a pro-forma NOI of $261,650. Situated near Siesta Key Beach and downtown Sarasota, the community offers a pool, fitness area, and landscaped grounds. The Oasis on Osprey allows monthly rentals, maximizing rental income potential. Each unit includes two parking spaces. The buildings are two stories, constructed in 1969, with individually metered water and sewer installed in 2024. The association permits up to two pets per unit, a significant advantage in the rental market. This turnkey investment offers significant upside potential through increased rental rates and a more aggressive marketing strategy. The sale includes all furnishings, the business booking website, and two associated LLCs. The asking price is $2,140,000. The property is not located in a flood zone.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5337
- Latitude
- 27.3039
