City Park Sub Real Estate

City Park Sub Real Estate

Welcome to City Park Subdivision, a hidden gem nestled in the heart of North Sarasota, Florida. This vibrant community offers the perfect blend of tranquility and convenience, making it an ideal place for families, retirees, and everyone in between. With its lush landscapes and friendly atmosphere, City Park Sub is more than just a neighborhood; it’s a welcoming community where neighbors become friends.

City Park Sub is strategically located near some of Sarasota's most sought-after amenities. Residents enjoy easy access to pristine beaches, lush parks, and a plethora of shopping and dining options. Whether you're looking to explore the cultural delights of downtown Sarasota or enjoy a relaxing day at Siesta Key Beach, everything is just a short drive away.

The subdivision features a variety of well-maintained homes, each with unique architectural styles that reflect the charm of Florida living. Many properties boast spacious yards, perfect for outdoor gatherings or quiet evenings under the stars. Families will appreciate the proximity to highly-rated schools and recreational facilities, ensuring that there’s always something fun to do.

City Park Subdivision also fosters a strong sense of community, with regular neighborhood events and gatherings that encourage residents to connect and engage. Whether you’re enjoying a leisurely stroll through the tree-lined streets or participating in a local festival, you’ll quickly feel at home in this inviting enclave.

Discover the charm of City Park Subdivision in North Sarasota, where the sun shines bright, and community spirit thrives. Your dream home awaits!

Newest Listings in City Park Sub

1821 20th Street, North Sarasota
$3,280,000
City Park Sub SubDv.
SARASOTA DUPLEX PORTFOLIO | 8 DUPLEXES | 16 RENTAL UNITS | MULTIFAMILY INVESTMENT OPPORTUNITY Discover an established income-producing duplex portfolio in Sarasota, Florida 34234. Offered at $3,280,000, this eight-property multifamily investment comprises 16 residential rental units across eight separate tax parcels in Sarasota's Newtown area, near Downtown Sarasota. THE PORTFOLIO | Eight concrete-block duplex buildings, each containing two 2-bedroom, 1-bathroom residences. Seven properties are clustered along 20th Street in the City Park area, with an additional duplex nearby at 1583 20th Street. The portfolio includes properties at 1583, 1821, 1825, 1841, 1847, 1849, 1853 and 1863 20th Street, Sarasota, FL 34234. All eight properties are offered together as one investment portfolio, not individually. RENTAL INCOME | Ownership reports 100% occupancy across all 16 units. The current rent roll reflects $230,400 in scheduled annual gross rental income, equivalent to $19,200 monthly and an average of $1,200 per unit. These figures represent scheduled rents rather than independently verified historical collections. VALUE-ADD POTENTIAL | Existing rental rates offer opportunities to evaluate future rent adjustments, lease renewals and operational improvements. Investment underwriting identifies potential rental growth through market-based repositioning, subject to existing leases, tenant rights, applicable regulations and market conditions. Future income increases are not guaranteed. PROPERTY FEATURES | Eight separate duplex buildings, 16 two-bedroom residences, individual tax parcels and established residential rental operations. The concentrated location of seven properties may offer operational efficiencies for investors managing multiple rental properties in Sarasota. LOCATION | Situated near Downtown Sarasota, with convenient access to US-301, US-41, regional employment centers, shopping, dining and Sarasota's Gulf Coast amenities. THE OPPORTUNITY | A 16-unit Sarasota multifamily investment portfolio for investors evaluating established Florida rental properties, potential long-term income growth and 1031 exchange opportunities. PACKAGE-ONLY SALE | All eight duplex properties are offered together for $3,280,000. Offering memorandum, current rent roll and investment underwriting available for review. All income, expenses, occupancy, leases, zoning, property conditions and investment projections are subject to independent buyer verification.

1821 20th Street, North Sarasota
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