1160 Four Seasons Cir Sarasota, FL 34234
80-unit senior living community, high occupancy.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Strong senior housing demand in Florida, fueled by a growing 65+ population exceeding national growth rates, creates high occupancy and stable long-term value.
- Rising median household income drives rent growth and strong NOI, with a 53% rent increase since 2021.
- 28% Section 8 occupancy ensures stable cash flow and reliable income.
- Prime location in low-risk evacuation zones (C & D), elevated 20 feet, with retention ponds, near Sarasota Memorial Hospital and Tamiami Trail.
Property Details for 1160 Four Seasons Cir
- Property type
- Retirement homes, Apartment buildings
- Square Feet
- 83,235 SF
- Year Built
- 2000
- Units
- 80
Location Insight
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Latitude
- 27.3774466
- Longitude
- -82.5475888
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retirement home - 80-unit senior living community, high occupancy.
- Where is the retirement home located?
- The property is located at 1160 Four Seasons Cir Sarasota, FL.
- What is the asking price?
- The asking price for this property is $8,500,000.
- What are key features of this property?
- This property features: Strong senior housing demand in Florida, fueled by a growing 65+ population exceeding national growth rates, creates high occupancy and stable long-term value.; Rising median household income drives rent growth and strong NOI, with a 53% rent increase since 2021.; 28% Section 8 occupancy ensures stable cash flow and reliable income.
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