Description of 201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243
Looking for incredible cash flow with a land bank opportunity? 201 & 205 Montgomery Ave offer over a true 10% NET return per the leases in place. The main tenant is a national medical billing firm that has already exercised 2 five year options and has 2 five year options remaining after the current term expires. Centrally located just 7 minutes from downtown Sarasota on highly trafficked US 41 (45,000+ cars per day) and close to Bradenton, this office complex is convenient to employees living in the two county area. The 5 buildings have all been updated over the years with newer roofs and well maintained. As a land bank, development continues to move North from Downtown Sarasota and around the SRQ international airport (just 1 mile away). The buildings are well situated to be converted to a full medical complex for future uses down the road. To build a complex of this size today, on over 1 acre of US41 frontage, with 5 separate buildings, the estimated cost would be well over $4M. Don’t miss out! Earn 10% now and equity for the future!
Directions to 201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243
From University Parkway go north on US 41 to right on Montgomery Ave. 201 Montgomery will be on the left.
Features of 201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243
- Zoned heat
- Block exterior
- Corner lot
- Lot acreage is: 0.51
- Lot on state road
- Lot zoned: RSF3/HA/
- Cable television available
- Shingle roof
- Total square feet: 12255.00
- Units in building(s): 5
- Tax year: 2017
Mortgage Payments for 201-205 MONTGOMERY AVENUE, SARASOTA, FL 34243
The approximate monthly Principal & Interest payment for this property would be $12,040. This payment is based on a 30-year loan at a fixed rate of 4.54 % with a down payment of $239,500. Actual lender interest rates and loan programs may vary.
Use our Mortgage Payment Calculator to determine a more exact payment estimate.