Hillview Garden Apartments 2066 Hillview St Immeuble residentiel 17 lots 3 863 069 € (227 239 €/Lot) Taux de capitalisation 5,03 % Sarasota, FL 34239

With 17 income producing units, the Haven on Hillview offers
concrete block construction, interior updates and a steady cash flow
in a highly desired location.
There is upside potential in place and a few future options that may
lead to additional successes.
You can focus on cash flow and utilize the 17-units as rentals,
enhance them and increase rents over time providing a steady
income producing asset with year over year positive trending
returns.
The Haven on Hillview's location of the 3 parcels is in such close
proximity to Sarasota Memorial Hospital and its ever expanding
campus that upscale housing could be well received, let alone folks
wanting to be close to Hillview but be 'East of the Trail' for price
points. Whether enhancing the existing property to capitalize on the
need for professional housing or potentially redeveloping the
property, achieving success is in place.

REDEVELOPMENT OPPORTUNITY:
Take one parcel at a time and redevelop them as you move forward
while receiving income from the existing units on the remaining
parcels.
Most of the product or housing available in this particular area are
resales or custom new homes in the million++ dollar price
range. Immediately upon crossing over US-41 onto the West side of
the Trail, values and prices trend upwards of 2X to 3X.