Newtown Heights First Add To Homes with No Pool Pool type

Welcome to Newtown Heights First Add To, a vibrant and welcoming subdivision nestled in the heart of North Sarasota, Florida. This charming community is known for its rich history and diverse culture, offering residents a unique blend of suburban tranquility and urban convenience.

Newtown Heights is characterized by its beautifully maintained homes, many of which boast classic architecture and spacious yards, perfect for families and individuals alike. The neighborhood is particularly appealing for those seeking residences without pools, allowing for more outdoor space and a lower maintenance lifestyle. Here, you can enjoy the Florida sunshine in your expansive backyard or explore the nearby parks and recreational areas, which offer a variety of activities for all ages.

The community is conveniently located near a range of amenities, including shopping centers, restaurants, and schools, making it an ideal place for families. With easy access to major roadways, residents can quickly reach the stunning beaches of Sarasota, renowned for their soft white sands and crystal-clear waters.

Newtown Heights First Add To is not just a place to live; it’s a community where neighbors become friends and memories are made. Whether you’re looking to buy your first home or seeking a peaceful retreat, this subdivision offers a perfect blend of comfort, convenience, and charm. Come discover the warmth and welcoming spirit of Newtown Heights, where your dream home awaits!

$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

Newtown Heights First Add To Homes with No Pool Pool type

Newest Newtown Heights First Add To Homes with No Pool Pool type

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