Share This Listing

Message

966 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Executive Summary

Adare Cottages is a rare, turnkey two-story, four-unit property located in the heart of Downtown Sarasota. Built in 2025, this boutique building combines modern construction, high-end finishes, and immediate income-producing potential in one of Southwest Florida's most desirable rental markets.
Situated on a 6,174 sq. ft. lot with 3,198 sq. ft. of total living space, the property features four fully furnished units, each separately metered, with one assigned off-street parking space per unit — four parking spots in total. Unit sizes range from 782 to 817 sq. ft., offering comfortable two-bedroom, one-bathroom layouts.
Each residence is designed for turnkey rental operations and includes high-end finishes and features, including hurricane impact windows; Thermador kitchen appliances, quartz countertops, and custom tile backsplashes; solid wood cabinetry with soft-close doors, luxury engineered wood flooring, and porcelain-tiled showers; in-unit LG Wash Tower washer/dryer sets, built-in closets, and desk areas; plantation shutters, high ceilings, and modern designer lighting; and 65" 4K Smart TVs in living rooms with 55" 4K Smart TVs in master bedrooms.
The property also offers separate systems and infrastructure for operational efficiency, including four individual A/C units, five electrical meters, and five water meters; a dedicated wireless router in each unit; an automatic sprinkler system (NFPA 13D); and Ring security cameras, exterior lighting, and a storage shed.
Outdoor amenities include beautifully landscaped grounds, cedar fencing, a permeable paver driveway with four parking spaces, and professionally installed landscape and driveway lighting.
Adare Cottages represents a rare investment opportunity in Downtown Sarasota. Its prime urban location, modern construction, furnished turnkey units, and strong rental market position the property for stable cash flow, seasonal and long-term rental appeal, and long-term value growth in a high-demand coastal market.

Property Facts

Price $6,043,065 CAD
Price Per Unit $1,510,766 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.14 AC
Building Size 3,198 SF
No. Stories 2
Year Built 2025
Opportunity Zone Yes
Zoning NT
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
2025-04-0054
Land Assessment
$345,700 CAD
Improvements Assessment
$0 CAD
Total Assessment
$345,700 CAD
  • Listing ID: 39017418

  • Date on Market: 2026-01-08

  • Last Updated:

  • Address: 1234 15th St, Sarasota, FL 34236

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}