HOWEVER, BASED ON THE RENTAL RATES OF COMPARABLE PROPERTIES, A $150-$200 INCREASE SHOULD BE VERY EASILY ATTAINABLE. IN FACT, SOME COMPARABLE UNITS ARE CURRENTLY RENTING FOR AS MUCH AS ($1,350 TO $1,500) PER MONTH! BECAUSE THE PROPERTY HAS CONSISTENTLY STAYED OCCUPIED WITH HIGH-QUALITY TENANTS, THE OWNER HAS NOT AGGRESSIVELY ATTEMPTED TO INCREASE THE RENTAL RATES. THESE UNITS WILL STAY RENTED FOR YEARS TO COME AS THE PROPERTY VALUE WILL ONLY CONTINUE TO RISE IN THE FUTURE! A ONE-BEDROOM/ONE-BATHROOM APARTMENT IN THIS PART OF FLORIDA TYPICALLY RENTS FOR MORE THAN $1,225 PER MONTH. DUE TO THE LACK OF QUALITY ONE-BEDROOM/ ONE-BATHROOM UNITS CURRENTLY AVAILABLE FOR RENT IN THE SARASOTA AREA, THE DEMAND HAS NEVER BEEN HIGHER. IN LIGHT OF THE SPACIOUS ONE-BEDROOM/ ONE-BATH FLOOR PLANS, A BUYER WILL BE ABLE TO RAISE THE RENTAL RATES QUICKLY. GIVEN THAT EACH UNIT HAS BEEN RECENTLY REDONE, A BUYER CAN INCREASE THE RENTAL RATES WITHOUT HAVING TO SPEND A LARGE AMOUNT OF MONEY ON CAPEX! THIS CREATES ENORMOUS UPSIDE FOR AN INVESTOR LOOKING FOR A VALUE-ADD PROPERTY IN SARASOTA, FL! THE PROPERTY IS CURRENTLY IN INCREDIBLE CONDITION, AS ALL 10 UNITS HAVE BEEN RENOVATED IN THE PAST 5 YEARS. ESPECIALLY IN LIGHT OF THE PROPERTY'S FANTASTIC CONDITION, LOCATION, AND DEMAND! BY SIMPLY RAISING THE RENTAL RATES APPROXIMATELY $150-$200 PER UNIT, A BUYER CAN EASILY OBTAIN A CAP RATE OF OVER 7% BY 2022. THE PROPERTY CONSISTS OF APARTMENTS WITH SEVERELY BELOW-MARKET RENTAL RATES FOR THE AREA AND PRESENTS MASSIVE UPSIDE FOR AN INVESTOR IMMEDIATELY! CURRENTLY, THE TENANTS ARE PAYING APPROXIMATELY $150-$200 PER MONTH BELOW THE AVERAGE MARKET RATE! THIS WILL ALLOW FOR A SIGNIFICANT INCREASE IN THE POTENTIAL NOI THAT IS EASILY OBTAINABLE WITH THE CURRENT RENTS BEING SO UNDERVALUED. THIS IS AN INCREDIBLE OPPORTUNITY TO OWN 10 UNITS IN ONE OF THE MOST BEAUTIFUL AREAS IN THE COUNTRY! THE SELLER IS OFFERING AMAZING SELLER FINANCING TERMS MAKING THIS DEAL EVEN BETTER! THE SARASOTA GARDENS ARE CURRENTLY 100% OCCUPIED AND HAVE EXTREMELY LOW RENTAL RATES, MAKING THIS AN IDEAL VALUE-ADD OPPORTUNITY FOR AN INVESTOR LOOKING FOR THE PERFECT CASH-FLOWING ASSET.

SUCH RENOVATIONS INCLUDE BUT ARE NOT LIMITED TO UNIT INTERIORS, WINDOWS, AND ROOFS! SARASOTA IS ONE OF THE MOST SOUGHT-AFTER MARKETS IN ALL OF FLORIDA WITH EXTREMELY LIMITED MULTIFAMILY PROPERTIES CURRENTLY ON THE MARKET. THE PROPERTY IS IN FANTASTIC CONDITION AND HAS BEEN RECENTLY RENOVATED IN THE PAST 5 YEARS. THE PROPERTY CONSISTS OF SPACIOUS APARTMENTS AND A LARGE PARKING LOT IN THE FRONT OF THE COMPLEX FOR TENANTS AND THEIR GUESTS. THE PROPERTY HAS 10 (ONE-BEDROOM/ONE-BATHROOM) UNITS WITH EXTREMELY UNDER-MARKET RENTAL RATES CURRENTLY IN PLACE.

LOCATED IN BEAUTIFUL SARASOTA FL! SARASOTA GARDENS IS A 10-UNIT APARTMENT COMPLEX LOCATED IN SARASOTA, FL.

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