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Arlington Antigua Arlington Antigua Arlington Antigua Arlington Antigua Arlington Antigua Arlington Antigua Arlington Antigua Arlington Antigua Arlington Antigua

Property Overview

Price/Rent PSF $ 1,920,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available INQUIRE
Date Available 07/14/2019
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Description

Listing Courtesy of SharpLaunch

The Multifamily Firm is proud to present the exclusive right of sale for the Arlington Antigua Apartments in Sarasota Florida. Arlington Antigua is a 15-unit complex that consists of three buildings on one parcel of land. The property features a rare & outstanding unit mix of One, 3 bedroom / 2 bathroom unit, Nine, 2 bedroom / 2 bathrooms units, One, 2 bedroom / 1 bathroom unit, and Four, 1 bedroom / 1 bathroom units. With 67% percent of the units having two bathrooms, the property offers superior competitive advantage, and provides strong upside to increase rents with a strategic interior/exterior renovation plan.

Arlington Antigua consists of two buildings, which are vintage two-story 1970’s solid concrete block construction, and one, wood frame building that has a concrete slab foundation. All the units are equipped with tile flooring throughout, and some of the windows were replaced in the past. Over the last year & half, seven of the units were updated. The exact updates vary between each unit, however, the updates included 4 units with new granite counter-tops, 3 with new Formica counter-tops, all with new kitchen cabinet doors / painted cabinet boxes, 2 with new kitchen cabinets, new appliances as needed, and 6 units with new bathroom vanities.

All said, Arlington Antigua is tremendous opportunity to acquire a rare 67% two-bathroom unit mix multifamily property with strong upside, in a highly demanded section of Sarasota Florida!

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