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2119-2125 Montclair 2119- 2125 Montclair Dr 2 Unit Apartment Building $1,479,675 CAD ($739,838 CAD/Unit) 6.50% Cap Rate Sarasota, FL 34231
INVESTMENT HIGHLIGHTS
- Property Includes 3 Legal Parcels – Two for the Units & One for Common Area – Providing the Potential for a Future Condo Exit Strategy
- Spacious Townhome-Style Units w/ 3-Bd / 2.5-Ba units, Each w/ Private Swimming Pool, Attached Two-Car Garage, Screened Patio & Private Yard
- Clever Opportunity to Live in a Highly Demanded Community & Leverage Rents to Pay Mortgage & Build Equity
- Superior 2007 Masonry Construction Situated in a Non-Flood Zone, Offering Long-Term Durability & Lower Insurance Costs
- Utilities Separately Metered & Paid by Tenants, Significantly Reducing Expenses & Improving Cash Flow
- Located in Close Proximity to Siesta Key, Creating Strong Potential for Conversion to Short-Term Vacation Rental Use to Maximize Revenue
EXECUTIVE SUMMARY
PRICE REDUCTION!! | View Offering Memorandum document at MultifamilyFirm.com for full details!!
** Property being offered individually or as a Portfolio w/ the adjacent Duplex property (2131 Montclair) ***
The Multifamily Firm is pleased to present 2119-2125 Montclair, a premier investment opportunity located in the quietly desirable enclave of Coquina Island, just minutes from Siesta Key Beach in Sarasota, Florida. Built in 2007 with durable masonry construction and situated in a non-flood zone, the property consists of two spacious, townhome-style units, each featuring 3-Bedrooms, 2.5-Bathrooms, a private swimming pool (one screened-in), a two-car garage, a screened patio, and a private yard. The design offers a single-family home feel with the efficiency and scale of multifamily ownership.
From an operational standpoint, all utilities are separately metered and paid directly by tenants, significantly reducing owner expenses and improving overall cash flow. The property’s layout consists of three separate parcels: two individually deeded parcels for the residential units and a third parcel for the shared common area. This configuration gives investors strategic flexibility to hold the asset as a traditional duplex or pursue a condo exit strategy by selling the units individually.
Given its close proximity to Siesta Key, the property is also well-positioned for short-term vacation rental use, presenting multiple paths to maximize returns. With quality construction, minimal overhead, and built-in optionality, 2119-2125 Montclair offers an ideal blend of lifestyle appeal and long-term investment upside.
View Offering Memorandum for full details & financial information at MultifamilyFirm.com
** Property being offered individually or as a Portfolio w/ the adjacent Duplex property (2131 Montclair) ***
The Multifamily Firm is pleased to present 2119-2125 Montclair, a premier investment opportunity located in the quietly desirable enclave of Coquina Island, just minutes from Siesta Key Beach in Sarasota, Florida. Built in 2007 with durable masonry construction and situated in a non-flood zone, the property consists of two spacious, townhome-style units, each featuring 3-Bedrooms, 2.5-Bathrooms, a private swimming pool (one screened-in), a two-car garage, a screened patio, and a private yard. The design offers a single-family home feel with the efficiency and scale of multifamily ownership.
From an operational standpoint, all utilities are separately metered and paid directly by tenants, significantly reducing owner expenses and improving overall cash flow. The property’s layout consists of three separate parcels: two individually deeded parcels for the residential units and a third parcel for the shared common area. This configuration gives investors strategic flexibility to hold the asset as a traditional duplex or pursue a condo exit strategy by selling the units individually.
Given its close proximity to Siesta Key, the property is also well-positioned for short-term vacation rental use, presenting multiple paths to maximize returns. With quality construction, minimal overhead, and built-in optionality, 2119-2125 Montclair offers an ideal blend of lifestyle appeal and long-term investment upside.
View Offering Memorandum for full details & financial information at MultifamilyFirm.com
PROPERTY FACTS
| Price | $1,479,675 CAD | Building Class | B |
| Price Per Unit | $739,838 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,731 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2007/2020 |
| Property Subtype | Apartment | Parking Ratio | 4.39/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | RMF1 - residential multi-family | ||
| Price | $1,479,675 CAD |
| Price Per Unit | $739,838 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 2,731 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2007/2020 |
| Parking Ratio | 4.39/1,000 SF |
| Zoning | RMF1 - residential multi-family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Vaulted Ceiling
- Yard
- Patio
- Vinyl Flooring
SITE AMENITIES
- Fenced Lot
- Picnic Area
- Pool
- Pet Play Area
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 2 | - | 2,036 |
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2119-2125 Montclair | 2119- 2125 Montclair Dr
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