Newtown Heights First Add To Homes with Block Exterior Construction

Newtown Heights First Add To Homes with Block Exterior Construction

Welcome to Newtown Heights First Add To, an inviting subdivision nestled in the heart of North Sarasota, Florida. This charming community offers a unique blend of convenience and tranquility, making it an ideal location for families, retirees, and everyone in between. With its close proximity to vibrant city life, residents enjoy easy access to shopping, dining, and entertainment options, all while being surrounded by the natural beauty that Sarasota is famous for.

One of the standout features of homes in Newtown Heights is their sturdy block exterior construction. This robust building style not only provides enhanced durability and energy efficiency but also contributes to a sense of safety and security for residents. Whether you’re seeking a cozy bungalow or a spacious family home, the architectural diversity here ensures that there’s something for everyone.

The neighborhood is characterized by its friendly atmosphere and strong sense of community. Tree-lined streets and well-maintained yards create an inviting environment, perfect for evening strolls or weekend barbecues with neighbors. Families will appreciate the nearby parks and recreational facilities, which provide ample opportunities for outdoor activities and play.

Living in Newtown Heights First Add To means embracing a lifestyle that balances the excitement of urban living with the charm of suburban serenity. Whether you’re looking to buy your first home or find a peaceful retreat, this subdivision offers a wonderful opportunity to create lasting memories in a community that feels like home. Come explore what makes Newtown Heights a hidden gem in North Sarasota!

Newest Newtown Heights First Add To Homes with Block Exterior Construction

2700 Palmadelia Avenue, Sarasota
$2,750,000
Newtown Heights First Add To SubDv. ⋅ 34234 Zip Code
PALMADELIA APARTMENTS | 10-UNIT SARASOTA MULTIFAMILY INVESTMENT Discover an established income-producing apartment community at 2700 Palmadelia Avenue, Sarasota, FL 34234. Offered at $2,750,000, this 10-unit multifamily property combines existing rental income, a desirable Sarasota location, and potential value-add opportunities near Downtown Sarasota. THE PROPERTY | Ten apartments consisting of eight 3-bedroom, 1-bathroom residences and two 2-bedroom, 1-bathroom residences. Built in 1980, the two-story apartment building offers approximately 7,744 square feet of living area on a 0.54-acre parcel with approximately 23 on-site parking spaces. Ownership reports full occupancy. RENTAL INCOME | Current scheduled gross rental income of $204,000 annually, averaging $1,700 per apartment monthly. These figures represent scheduled rents, not independently verified historical collections. VALUE-ADD POTENTIAL | Existing rental rates offer opportunities to evaluate future rent adjustments, lease renewals, and operational improvements, subject to market conditions, existing lease agreements, applicable laws, and buyer due diligence. Investment underwriting identifies potential rental growth without requiring a substantial redevelopment strategy. PROPERTY FEATURES | Established 10-unit multifamily building with a combination of spacious two- and three-bedroom apartments, on-site parking, and an existing rental history. The property's unit mix provides flexibility for long-term residential rental operations. LOCATION | Situated in Sarasota's Newtown neighborhood, near Downtown Sarasota, with convenient access to US-301, major employment centers, shopping, dining, and regional Gulf Coast amenities. THE OPPORTUNITY | An established Sarasota multifamily investment property for buyers seeking existing rental income, operational flexibility, and potential long-term value creation. Suitable for consideration by private multifamily investors and 1031 exchange purchasers. Offering memorandum, current rent roll, and investment underwriting available for qualified purchasers. All income, expenses, occupancy, leases, property details, and investment projections are subject to independent buyer verification.

2700 Palmadelia Avenue, Sarasota
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