I specialize in Cashflow investment properties that return a good ROI now, but offer a huge hedge against inflation in the future. Feel free to call me with any questions
Tarpon Coast Realty
1693 Main St
Sarasota Fl 34236
800 376-1408 fax
Small multifamily buildings are difficult to find and not the norm in Sarasota. The preference has always been towards single family residences. Sarasota has and remains a second home market. It is a resort town. It is not a market of renters for job seekers as there is not a broad diversity of jobs in the area.
To achieve your search you will have to work with an agent. Even then it will be challenging.
Brock Realty Inc.
Just read your link. I am about to list a 22 unit motel currently being used as a halfway house if that would interest you. Consistent income around $12,000 month. $775,000. If interested in this type of property let me know.
David is correct. If you are looking for maximum cash flow from rents, the numbers will not necessarily add up. If you finance any of the purchase you almost assuredly will not have cash flow at all. Not all agents would tell you this but sit down with an experienced agent and work up the numbers before you spend too much time and energy looking. When you add up all your closing costs, maintenance fees, management fees, taxes, insurance, repairs, utilities and all of the other expenses involved with owning a rental or investment property, I think you will find that you end up in the negative. If you are looking for something to purchase now to take advantage of the low prices and interest rates and only want the rents to help you carry the purchase until such a time as you can retire into it or looking to maximize your gain through appreciation then now is an excellent time to jump on this opportunity.
Teresa M. Fellows
ERA Waterside Realty
Here are a couple to try:
Tammy Hayes, Realtor
Green Lion Realty
RE/MAX Alliance Group
Over the years I've tried to help several potential buyers looking for this type of property and the numbers just don't seem work out as a primary source of income, especially by the time you deduct expenses such as insurance and taxes from your gross rental income.
I'd be happy to send you some property listings and go over them with you if you'd like to see what's available.