1236 13Th St SARASOTA Sarasota, FL 34236
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
