4062 Lake Forest Dr | Sarasota, FL 34233
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- LoopNet Team
4062 Lake Forest Dr
Sarasota, FL 34233
Lake Forest Villas | 6.43 Acres · Multifamily Property For Sale · 11 Units
Investment Highlights
- Extremely Rare Opportunity to Acquire a 6.43 Acre Multifamily Zoned Parcel with an Existing Fully Renovated Apartment Building, Clubhouse & New Pool
- Current Zoning Allows 58 Total Units on the Parcel | Immediate New Construction of 26 units Lined Up w/ Certified GC Who Completed Renovations
- Fully Renovated 1,120 SF Clubhouse w/ New Kitchen & Large Screened-In Patio | New Staircases & Railings, New Unit Doors, Freshly Painted Exterior
- Boutique Class A Community, Exceptionally Well-Located in Central Sarasota, Florida, Within a Short Drive of Downtown, Siesta Key, and Interstate 75
- All Units Completely Renovated w/ High-End Condo Grade Finishes | New 25 Yard Lap Pool w/ New Pavers, Pergola & Lush Tropical Landscaping Throughout
- Attractive Seller Financing Available: 4.75% Interest Only Loan with a 5 Year Term, 65% LTV / 35% Down Payment | 100% 2 BD / 2 BA Units
PROPERTY FACTS
| No. Units | 11 | Building Size | 14,316 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1986/2020 |
| Building Class | B | Parking Ratio | 2.51/1,000 SF |
| Lot Size | 6.43 AC |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 6.43 AC |
| Building Size | 14,316 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2020 |
| Parking Ratio | 2.51/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Double Vanities
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Dining Room
- Family Room
- Linen Closet
- Patio
- Porch
Site Amenities
- Clubhouse
- Courtyard
- Fenced Lot
- Picnic Area
- Pool
- Cabana
- Pet Play Area
- Storage Space
- Bicycle Storage
- Lake Access
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 11 | $1,500 | - |
PROPERTY TAXES
| Parcel Number | 0070-03-0005 | Improvements Assessment | $2,711,799 |
| Land Assessment | $978,711 | Total Assessment | $3,690,510 |
PROPERTY TAXES
Parcel Number
0070-03-0005
Land Assessment
$978,711
Improvements Assessment
$2,711,799
Total Assessment
$3,690,510
zoning
| Zoning Code | RMF-2 (Multifamily) |
| RMF-2 (Multifamily) |
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