Caribbean Manor is a concrete block constructed complex in a highly desired area of Sarasota. They don't make them like this anymore.
16 Total Units in Two (2) Eight (8) Unit Buildings on separate parcels.
For further information, communications with the listing agent and an executed CA will be required.
Prospective Purchasers are encouraged to drive-by the subject properties prior to submitting offers.
However, all property tours must be arranged with the exclusive Dreznin Pappas Commercial Real Estate agents. At no time shall the tenants, on-site management or staff be contacted without prior approval.
Substantial & Impactful improvements, include;
New Shingle Roofs in 2024
Both buildings exteriors painted in modern style.
Newer Electrical main-disconnect breaker panel for each of the 16 units.
Parking lots sealed and striped (Asphalt) and parking blocks painted.
Newer Landscaping & Trees.
PVC privacy fencing.
Continued improvements and renovations;
New Gutters, new fencing around refuse containers.
Fresh painting of upper deck sidewalks, stairs and first level sidewalks.
Onsite Laundry for tenants convenience.
Additional notable renovations include;
Both buildings are now hooked up to county Sewer (owner pays for service - not individually metered).
There is a single water well (behind South Building) which services both properties and is tested & maintained monthly. (provided by ownership)
Additional notable renovations include;
Newer Vinyl Windows in most units or completely refurbished and upgraded windows.
New shrubbery in front of stairway areas and trees trimmed
All 16 units have been renovated and remodeled over the past 2 years and include such amenities and upgrades as;
Tile Flooring throughout all units.
New kitchens and kitchen cabinets.
New Split-system A/C-Heating units replacing the former through the wall/window units.
Some additional renovations and upgrades continued;
New appliances, new bathroom vanities, new toilets, new kitchen lighting, new bathroom lighting, new hall lighting, new blinds, new water heaters.
GFI protected outlets installed in kitchens and bathrooms, new smoke alarms.
Water service (well onsite), sewer service and trash pick-up are included in the rent.
Tenant pays for electric (FPL).
Superior Construction with Solid Concrete Block on the 1st & 2nd Floor.
This offering presents a stabilized property with long term upside capitalizing on an upward trending market and steady management and ownership.
Currently, Caribbean Manor is currently managed in-house.
Ownership has been increasing the rents to market levels upon turnovers, whereas a new owner can focus on the remaining value-add component, which will provide the opportunity to generate a realistic increase to rental income. Additionally this complex can support pet fees and other minimum impact ways to monetize the bottom line positively.
Private coin operated laundry is onsite and available to tenants.
These buildings offer the unique aspect of quaint one bedrooms with a very private community feel.
Location Highlights
Located in the southern area of Sarasota, FL, Caribbean Manor offers convenient access to many local noteworthy locations, including;
Riverview High School - 0.5 miles
Detweiler's Market/Grocery -1.2 miles
Publix at The Landings - 1.4 miles
Suncoast Technical College - 1.5 miles
Starbucks - 1.6 miles
Neighborhood Walmart - 1.9 miles
Trader Joe's - 2.0 miles
Gulf Gate Restaurants/Shops - 2.0 miles
Publix Shops at Siesta Row - 2.1 miles
Flemings Steakhouse - 2.2 miles
Phillippi Estate Park - 2.3 miles
New Siesta Promenade Dev - 2.5 miles
The Boatyard Bar & Grill - 2.8 miles
Siesta Key Beach Access - 3.1 miles
Sarasota Memorial Hospital - 3.4 miles
Downtown Sarasota - 4.3 miles
I-75 - 5.0 miles
While situated in south Sarasota the property is centrally located in Sarasota County, Caribbean Manor allows ease of access to jobs, shopping, adventure, entertainment and peaceful retreats.
Some of Sarasota County's major employers include;
Sarasota Memorial Health & Hospitals
PGT Innovations
Sun Hydraulics
Doctors Hospital
Publix
Sarasota County Schools
Local Government
Construction (Willis Smith)
Developers (Neal Communities)
Positioned “East of the Trail” (US 41 / Tamiami Trail); One of the high demand real estate areas in Sarasota.
Caribbean Manor's proximity is convenient to a few resources and entertainment, that lend itself to the neighborhood community.
Walking Distance from 7-11, convenient local restaurants, dentist, CPA, spa, preschool, insurance, barber, etc.
Ownership has helped to foster a community feel to the complex that can continue into the future. The moniker of Village fits this asset to a tee. Especially with rental housing being difficult to find in Sarasota, the community will often have a referral tenant ahead of schedule should a unit turnover.
You are close to the beaches but NOT in a flood zone. (Fema Flood Map 2025)
