$4,800,000
Description
NEW PRICE !! Seller motivated Bring Offers!! BLACKBURN BAY- 19 Condo's in Osprey, Florida -This Project Offers Investors the Opportunity to Invest in a Luxury Rental Project, in one of the Best Locations in Sarasota County, Close to Casey Key, Siesta Key Beaches, Venice Beach & Nokomis Beach! The Project can be Sold as Individual Condo Units or Run as a Lucrative Rental Business! The Additional Acreage ia also Included in the Deal! In the Sale Scenario, Developers will have the Potential to Realize a 20-30% Plus Return on Investment! Should they Decide to Keep as a Rental, Annual Cash on Cash Return 6-10% + Range or Higher if they Manage the Property Themselves. The Property Currently has (16) 2-Bedroom, 2-Bath Units, (1) 3-Bedroom, 2-Bath and (2) 3-Bedroom, 3-Bath Units + 25 Garages! Complex Includes: Club House that Offers a Full Kitchen / Baths / Workout Room & Sauna, Swimming Pool & Hot Tub/Spa, Tennis Courts and Elevators too! Complex has a Variety of Spectacular Views!Property Highlights
- Acres: 5.30
- County: Sarasota
- Year Built: 1983
- Cooling Type: Central Air
- Heating Type: Central
- Property Type: Commercial, Multi Family
- MLS #: A4482495
Property Features
| Construction Materials | Block, Concrete, Stucco |
| Cooling | Central Air |
| Has View | Yes |
| Heating | Central |
| Interior Features | Elevator |
| Interior Square Footage | 24,429 |
| Lot Size Acres | 5.3 |
| Lot Size Square Feet | 137,214 |
| Other Structures | Garage(s) |
| Roof | Membrane, Tile |
| Sewer | Public Sewer |
| Stories | Three Or More |
| Waterfront | Yes |