4520 S Biscayne Dr - Apartments FOR SALE


North Port, FL 34287
$12,750,000 USD
941-525-6818
4520 S Biscayne Dr, North Port, FL for Sale
$12,750,000 USD
Apartments - FOR SALE
1/73
null | 5.53% Cap Rate

4520 S Biscayne Dr
North Port, FL 34287


HIGHLIGHTS

  • Situated in an affluent neighborhood renowned for its exclusivity and high property value, Emerald Oaks offers investors a prestigious address
  • Emerald Oaks sets a new standard for luxury living, attracting tenants seeking an unparalleled lifestyle experience in SARASOTA COUNTY
  • With its premium features and desirable location, Emerald Oaks commands competitive rental rates, ensuring investors enjoy impressive rental yields
  • Emerald Oaks are poised for significant capital appreciation over the long term, offering investors substantial returns on their initial investment.
  • 8 acres limited access complex with two entries
  • LARGE COMMUNITY SWIMMING POOL/3BEDROOM/2 BATH UNITS/Single CarOver-Sized garage/PUBLIC WATER/PUBLIC SEWER/Tankless water heater in all units

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$12,750,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

28

PRICE/UNIT

$455,357

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Emerald Oaks Of NORTHPORT Luxury Condominium

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

79

LAND DETAILS

LAND ACRES

7.78 AC

LAND SF

338,897 SF

ZONING

RMF

APN/PARCEL ID

0000-00-8511

ASK ABOUT THIS PROPERTY

Regina MelmanRe/Max Palm RealtyMore Info
941-525-6818

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Regina MelmanRe/Max Palm RealtyMore Info
941-525-6818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.