Emerald Oaks Of NORTHPORT Luxury Condominium | 4520 S Biscayne Dr
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Emerald Oaks Of NORTHPORT Luxury Condominium 4520 S Biscayne Dr
28 Unit Apartment Building $18,039,082 CAD ($644,253 CAD/Unit) 5.53% Cap Rate North Port, FL 34287
Investment Highlights
- Situated in an affluent neighborhood renowned for its exclusivity and high property value, Emerald Oaks offers investors a prestigious address
- With its premium features and desirable location, Emerald Oaks commands competitive rental rates, ensuring investors enjoy impressive rental yields
- 8 acres limited access complex with two entries
- Emerald Oaks sets a new standard for luxury living, attracting tenants seeking an unparalleled lifestyle experience in SARASOTA COUNTY
- Emerald Oaks are poised for significant capital appreciation over the long term, offering investors substantial returns on their initial investment.
- LARGE COMMUNITY SWIMMING POOL/3BEDROOM/2 BATH UNITS/Single CarOver-Sized garage/PUBLIC WATER/PUBLIC SEWER/Tankless water heater in all units
Executive Summary
SELLER FINANCING AVAILABLE (ask for terms).Great Investment Opportunity IN SARASOTA COUNTY! Infrastructure is already in place, including underground utilities for an additional 13 lots to be developed into an additional 78 condo units. See the attached plot site plan.
Luxury 28 apartments/condos with tenants already in place. NO HOA OR CDD! 8-acre limited-access complex with two entries. Total under the roof: 1852 square feet; 3 bedrooms; 2 bathrooms. Fully enclosed structures with hurricane-resistant windows and doors (130 mph wind rating).All buildings on property have new metal roofs completed on 12-21-2022 with a 10 year installation warranty and a 25-year metal alliance warranty. Public water and Public sewer! Detached Single-car, oversized garage for parking and storage.Large Community pool.Complete GE brand appliance package.Raised panel cabinets.Granite countertops in kitchens and baths. All ceiling fans and lighting fixtures are included. Approximately 3600 square foot recreation/meeting building with a wet bar in the kitchen. Security system,with optional monitoring. 9.4 ceilings. Screened lanai. Covered /lighted entry. Stacked washer and dryer in the units.Crown molding. Colonial trim. Tankless water heater.Do not miss out on this exceptional opportunity to craft your dream investment in a prime location. Schedule a showing today and begin envisioning the endless possibilities offered by this remarkable property in SARASOTA COUNTY!
Luxury 28 apartments/condos with tenants already in place. NO HOA OR CDD! 8-acre limited-access complex with two entries. Total under the roof: 1852 square feet; 3 bedrooms; 2 bathrooms. Fully enclosed structures with hurricane-resistant windows and doors (130 mph wind rating).All buildings on property have new metal roofs completed on 12-21-2022 with a 10 year installation warranty and a 25-year metal alliance warranty. Public water and Public sewer! Detached Single-car, oversized garage for parking and storage.Large Community pool.Complete GE brand appliance package.Raised panel cabinets.Granite countertops in kitchens and baths. All ceiling fans and lighting fixtures are included. Approximately 3600 square foot recreation/meeting building with a wet bar in the kitchen. Security system,with optional monitoring. 9.4 ceilings. Screened lanai. Covered /lighted entry. Stacked washer and dryer in the units.Crown molding. Colonial trim. Tankless water heater.Do not miss out on this exceptional opportunity to craft your dream investment in a prime location. Schedule a showing today and begin envisioning the endless possibilities offered by this remarkable property in SARASOTA COUNTY!
Property Facts
| Price | $18,039,082 CAD | Building Class | B |
| Price Per Unit | $644,253 CAD | Lot Size | 7.78 AC |
| Sale Type | Investment | Building Size | 39,900 SF |
| Cap Rate | 5.53% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Apartment Style | Garden |
| Price | $18,039,082 CAD |
| Price Per Unit | $644,253 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.78 AC |
| Building Size | 39,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 1.98/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Security System
- Ceiling Fans
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Carpet
- Dining Room
- Patio
- Porch
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Center
- Clubhouse
- Pool
- Property Manager on Site
- Security System
- Wheelchair Accessible
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 28 | $3,396 CAD | 1,852 |
zoning
| Zoning Code | RMF (North Port's Newest Luxury Condominium Homes in SARASOTA COUNTY) |
| RMF (North Port's Newest Luxury Condominium Homes in SARASOTA COUNTY) |
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Emerald Oaks Of NORTHPORT Luxury Condominium | 4520 S Biscayne Dr
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