974 Tennessee Ln 2 Unit Apartment Building $963,826 CAD ($481,913 CAD/Unit) 5.50% Cap Rate Sarasota, FL 34234
INVESTMENT HIGHLIGHTS
- Near SRQ Airport
- Fully Renovated
- Multiple nearby Universities
EXECUTIVE SUMMARY
Turnkey investment opportunity located just 0.2 mi from Sarasota Bay in the established, lush Sapphire Shores neighborhood. This fully remodeled duplex, comprised of side-by-side 600SF one bedroom units with patios plus a spacious back yard, featuring new HVAC units, a new roof, new flooring, appliances, impact windows and entry doors and both units come fully furnished. This location is ideal for short-term or annual rentals and is conveniently situated just 0.4 miles to Ringling College of Art and Design, 1.8 miles north of downtown Sarasota, 2.1 miles from SRQ airport, 4.6 miles from Lido Beach and 9 miles to Siesta Key Main Beach.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $963,826 CAD |
| Price Per Unit | $481,913 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1961/2024 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $3,259 CAD | 600 |
1 of 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (78)
ZONING
| Zoning Code | RSF3 (residential single family) |
