3001 Bee Ridge Rd, Sarasota, FL 34239

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Building Details:

• Year Built: 1964

48 UNIT APARTMENT COMPLEX ON BEE RIDGE ROAD (RIDGE GARDENS APARTMENT HOMES)

- Land Size: Approx 1.24 acres or 54,000 SF

- Offered at $2,600,000

- Zoning: RMF 4 (Residential Multi-Family)

- Description: Ideal 1031 Exchange. Great cash flow (Currently 90% occupied with below market rents)

- In Place Financing: $1.093 million non-recourse, assumable mortgage at 5.5% with a 5 year balloon, originated Nov 2010, 1% assumption fee

- Unit Mix: 42 one bedroom units and 6 two bedroom units (complex has pool and laundry facilities)