3812 BUTLER AVE, SARASOTA, FL 34234 Multi Family For Rent MLS# A4590862

This listing was posted on ListedBuy.

3812 BUTLER AVE, SARASOTA, FL 34234 Multi Family For Rent MLS# A4590862

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BR/BA:

2 BR

Location:

3812 BUTLER AVE, Sarasota, FL

Description:

Investors, come check out this one-of-a-kind diamond in the rough 26-unit duplex community situated on 1.5 acre right in the middle of Sarasota! Each unit is approximately 624 sq. feet of living space. All units are 2 bedrooms, 1 bathroom and have been owned and managed by one family for the past forty-one years! Many tenants have been in their unit for 10 plus years so turnover is extremely low with occupancy rates in the 97-98% range yearly. Rents are currently well below market values by hundreds of dollars per month per unit. Leases are currently on a month-to-month basis so a new investor can renovate one unit at a time and increase rents. One unit is currently being renovated and has a waiting list of tenants for almost 40 percent more than current rental rates. Located very near shops, restaurants, bus lines, and I-75 highway. The extreme need for affordable housing in the Sarasota area makes this property a truly fantastic opportunity. With renovation of each unit, this community has huge upside income potential. Do not disturb tenants or walk the property without your agent present Sold “As-IS” with right to inspect. Owners are motivated so bring us your offers. 6.5 miles to Lido Key beach and 9 miles to Siesta key beach. 7.5 miles to I-75 Highway. Get the best price at ListedBuy!

Property Type:

Homes for Rent

Sq feet:

16,244 sq. ft.

Posted:

on ListedBuy