Glenbrooke Apartments
Closed8121 45th Ct E, Sarasota, FL 34243
Property type
Multifamily
Unit / Space count
40
Price
$10,800,000
Building size
41,540 sf
Rentable area
41,540 SF
Year built
1994
Year renovated
Occupancy
Zoning code
Lot size
4.94 Acres
Sold/status
Sold · Date unknown
Sale price
$10800000
Bedroom count
Property description
Well-Maintained Multifamily Asset in Tranquil Sarasota Community Offered for sale after 12+ years of family ownership, this well-maintained multifamily property boasts historically high occupancy and spacious floor plans averaging 1,075 square feet. The desirable 1994-built community consists of 12 one- and two-story buildings featuring highly functional 2-bed/2-bath and 3-bed/2-bath layouts, central HVACs, and pitched roofs. Residents enjoy resort-style amenities, including a sparkling swimming pool with a pavered sundeck, an on-site leasing office, clubhouse, and gazebo. The property spans 4.94 acres in the peaceful Glenbrooke subdivision, offering a relaxed neighborhood feel. Vaulted ceilings in most units enhance the modern living experience, while all apartments include washer/dryer connections, screened-in patios, and select units with premium lakefront views. Ample parking with over two spaces per unit adds to resident convenience. Ideally located just 7.2 miles (a 12-minute drive) from downtown Sarasota’s vibrant cultural and dining scene, the property also benefits from proximity to major employment centers like Sarasota Memorial Hospital (4.0 miles), Sarasota-Bradenton Airport (4.0 miles), and I-75 (3.5 miles). Nearby retail hubs include University Walk (1.4 miles) and University Town Center (4.0 miles), offering a variety of shopping and dining options. Residents also enjoy easy access to Sarasota Bay and some of Florida’s most sought-after beaches, including Siesta Key (12.7 miles), Bradenton Beach (16.7 miles), Longboat Key (17.7 miles), and Anna Maria Island (19.6 miles), making this an exceptional investment opportunity in a high-demand market.
Property highlights
- Well-Maintained Asset Being Sold After 12+ Years of Family Ownership with Historically High Occupancy
- Tax and Insurance Adjusted 5.95% Cap Rate
- Spacious Floor Plans Averaging 1,075 Square Feet with Highly Functional 2Bed 2Bath & 3Bed 2Bath Layouts
- Desirable 1994 Construction with 12, One- and Two-Story Buildings Featuring Central HVACs and Pitched Roofs
- Strong Amenity Set For a Boutique Sized Asset Including a Sparkling Resort-Style Swimming Pool, Pavered Sundeck, On-Site Leasing Office, Clubhouse, and Gazebo
- Community is Situated on 4.94 Acres in the Tranquil Glenbrooke Residential Subdivision Offering Residents a Relaxed Neighborhood Feel
- Vaulted Ceilings in Majority of the Apartments Providing a Functional Design for Modern Living
- Washer/Dryer Connections and Appliances in All Units for Resident Convenience
- Select Apartments Feature Lakefront Views and Command Premium Rents
- All Units Feature Screened-In Patios and Three-Bedrooms Have Additional Storage Closet
- Ample Parking with Over Two Spaces Per Unit
- Just a 12-minute Drive to the Vibrant Heart of Downtown Sarasota, Where Culture, Dining, and Entertainment Come Together in a Dynamic, Coastal Setting (7.2 Mi)
- Close Proximity to Major Employers & Thoroughfare such as Sarasota Memorial Hospital (4.0 Mi), Sarasota Bradenton Airport (4.0 Mi) and I-75 (3.5 Mi)
- Nearby Retailers Include University Walk - Publix, Crunch Fitness, Walmart, Duffy's Sports Grill, Etc. (1.4 Mi) and University Town Center - 200+ Retailers and 80+ Dining Options (4.0 Mi)
- Only Minutes to Sarasota Bay and Conveniently Located Near Beautiful Beaches Including Siesta Key (12.7 Mi), Bradenton Beach (16.7 Mi), Longboat Key (17.7 Mi), Anna Maria Island (19.6 Mi)