Echo on Eighth — Sale in Sarasota, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sarasota, FL 34236

Investment Figures

Cap rate
6.16%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Meticulously renovated, 23-unit property located in one of the most sought-after submarkets in Sarasota, FL Investment Highlights: • Meticulously renovated, 23-unit property located in one of the most sought-after submarkets in Sarasota, FL • Nearly $1.3 million in capital improvements put into the property since 2022, including but not limited to: all new roofs, windows, parking lot, electrical, plumbing and significant unit renovations • Echo on Eighth consists of all two-bedroom units which have been fully renovated, each unit includes stackable washers/dryers • Located across the street from Gillespie Park, within walking distance to Downtown Sarasota and a quick drive to renowned St. Armands, Siesta Key and Long Boat Key • Strategically located in a high-demand submarket, ensuring sustained occupancy through immediate proximity to employment and entertainment hubs, regional transit corridors and Tier-1 educational institutions • Each unit is individually parceled giving a buyer multiple options on an exit • Area median income of $106,100 (Fannie Mae) • Not located in a high risk flood zone

Market Context

This multifamily in Sarasota, FL is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Sarasota, FL — view the full market.

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