Newtown Heights First Add To Homes with No Deed Restriction Community Extras

Newtown Heights First Add To Homes with No Deed Restriction Community Extras

Welcome to Newtown Heights First Add To, a charming subdivision nestled in the heart of North Sarasota, Florida. This vibrant community offers a unique blend of convenience, comfort, and character, making it an ideal place for families, retirees, and everyone in between.

One of the standout features of Newtown Heights is its homes with no deed restrictions, allowing residents the freedom to personalize their properties as they see fit. Whether you envision a lush garden, a creative workshop, or simply the freedom to park your boat or RV, this community embraces individuality and self-expression.

The allure of Newtown Heights extends beyond its flexible homeownership options. Residents enjoy a close-knit atmosphere, where neighbors become friends and community events foster a sense of belonging. The subdivision is conveniently located near major roadways, providing easy access to Sarasota’s beautiful beaches, shopping centers, and recreational parks. Families will appreciate the proximity to quality schools and various amenities that cater to all lifestyles.

In addition to the welcoming environment, Newtown Heights is surrounded by the natural beauty of Florida’s landscapes. Enjoy leisurely strolls through tree-lined streets or spend weekends exploring nearby nature trails and parks. The local culture thrives here, with art galleries, markets, and dining options that showcase the best of Sarasota.

Discover the charm and possibilities that await you in Newtown Heights First Add To. This community is not just a place to live; it’s a place to thrive and create lasting memories. Come and experience the warmth of this delightful neighborhood today!

Newest Newtown Heights First Add To Homes with No Deed Restriction Community Extras

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

Start Your Search

How much is your home worth?

Get instant property value now!