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Roy's Place 941 Virginia Dr 4 Unit Apartment Building $2,093,880 CAD ($523,470 CAD/Unit) 7.50% Cap Rate Sarasota, FL 34234
INVESTMENT HIGHLIGHTS
- One of a Kind Short-Term Rental Asset w/ Massive Upside | Resort-Caliber Amenities: Private Screened-In Heated Saltwater Pools & Hot Tubs
- Fully Furnished with Sarasota Chic Decor, Quality Furnishings & Vibrant Tropical Landscaping
- Non-Flood Zone & Elevated 17 Feet Above Sea Level for Enhanced Storm Protection | Just 1 Block from Waterfront Park & Sunset Views Over Sarasota Bay
- Over 500 Five-Star Reviews, Excellent Booking Platform Exposure, & a Strong Repeat Guest Base that Supports Steady Demand
- Rock-Solid Vintage Masonry Construction w/ 125-Foot Building Footprint, Providing Exceptional Unit Privacy
- Named The #1 Best Airbnb with Pool in Sarasota by Trip101 Travel Guide For 2022, 2023, & 2024
EXECUTIVE SUMMARY
PRICE REDUCTION | View Offering Memorandum Details!
*Access OFFERING MEMORANDUM FOR FINANCIAL DETAILS at MultifamilyFirm.com
**Virtual Tour (Matterport) of Each Unit Available Upon Request!
The Multifamily Firm is pleased to present Roy’s Place, a truly one-of-a-kind, turn-key multifamily short-term rental asset in Sarasota offering exceptional upside. This remarkable property stands out with over 500 five-star reviews, excellent booking platform exposure, and a strong repeat guest base, delivering consistent occupancy and premium nightly rates.
Roy’s Place features resort-caliber amenities, including private screened-in pool areas with heated saltwater pools, cascading waterfalls, hot tubs, and outdoor showers, all of which create an unforgettable guest experience. The desirable unit mix of 50% two-bedroom and 50% one-bedroom units caters perfectly to a wide range of travelers. Meanwhile, the property’s artfully curated Sarasota chic decor, quality furnishings, and vibrant tropical landscaping ensure it remains a top choice in the market.
Constructed with rock-solid vintage masonry and boasting a 125-foot-long building footprint, the property offers exceptional unit privacy. Strategically positioned on an elevated site approximately 17 feet above sea level in a non-flood zone, just one block from a waterfront park with stunning sunset views over Sarasota Bay, Roy’s Place provides enhanced storm protection and an unbeatable location.
Adding to its pedigree, the property has been named the #1 Best Airbnb with Pool in Sarasota by Trip101 Travel Guide for 3 consecutive years (2022, 2023 & 2024), underscoring its reputation as a premier income-producing asset perfectly positioned for long-term growth.
*Access OFFERING MEMORANDUM FOR FINANCIAL DETAILS at MultifamilyFirm.com
**Virtual Tour (Matterport) of Each Unit Available Upon Request!
The Multifamily Firm is pleased to present Roy’s Place, a truly one-of-a-kind, turn-key multifamily short-term rental asset in Sarasota offering exceptional upside. This remarkable property stands out with over 500 five-star reviews, excellent booking platform exposure, and a strong repeat guest base, delivering consistent occupancy and premium nightly rates.
Roy’s Place features resort-caliber amenities, including private screened-in pool areas with heated saltwater pools, cascading waterfalls, hot tubs, and outdoor showers, all of which create an unforgettable guest experience. The desirable unit mix of 50% two-bedroom and 50% one-bedroom units caters perfectly to a wide range of travelers. Meanwhile, the property’s artfully curated Sarasota chic decor, quality furnishings, and vibrant tropical landscaping ensure it remains a top choice in the market.
Constructed with rock-solid vintage masonry and boasting a 125-foot-long building footprint, the property offers exceptional unit privacy. Strategically positioned on an elevated site approximately 17 feet above sea level in a non-flood zone, just one block from a waterfront park with stunning sunset views over Sarasota Bay, Roy’s Place provides enhanced storm protection and an unbeatable location.
Adding to its pedigree, the property has been named the #1 Best Airbnb with Pool in Sarasota by Trip101 Travel Guide for 3 consecutive years (2022, 2023 & 2024), underscoring its reputation as a premier income-producing asset perfectly positioned for long-term growth.
PROPERTY FACTS
| Price | $2,093,880 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $523,470 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 7.50% | Building Size | 3,687 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1945/2015 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Zoning | RSF3 - Recognized as Multi-Family use in Sarasota County. | ||
| Price | $2,093,880 CAD |
| Price Per Unit | $523,470 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 3,687 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1945/2015 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | RSF3 - Recognized as Multi-Family use in Sarasota County. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Wi-Fi
- Yard
- Dining Room
- Garden
- Patio
SITE AMENITIES
- Courtyard
- Fenced Lot
- Picnic Area
- Pool
- Property Manager on Site
- Furnished Units Available
- Grill
- Vintage Building
- Community-Wide WiFi
- Sundeck
- Zen Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | 1,293 |
| 2+1 | 1 | - | 800 |
| 1+1 | 2 | - | 700 - 800 |
1 1
Bike Score®
Very Bikeable (76)
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Roy's Place | 941 Virginia Dr
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