Botanic Bungalows

Colliers, as exclusive broker, is pleased to offer the opportunity to acquire Botanic Bungalows (the "Property"), a fully furnished, 100% occupied 10-unit community in the affluent Englewood submarket of Sarasota County, Florida. The investment delivers an annual return after debt of 20%, with in-place rents of $1,400 on a clear path to $1,475 in FY1 and $1,525 in FY2, supported by three 2025 leases confirming $1,500 market rents and further upside available through implementing a utility reimbursement program. Situated a half-mile from Englewood's charming downtown and less than 2 miles from Manasota Key, the #22 Best Place to Retire in the U.S, the submarket carries a median age of 68 and average household incomes of $100,000 within 10 minutes. The Property's retirement-age resident base mirrors these demographics and 4 of 10 tenants have been in-place since 2021 or earlier, evidenced by a historically fully occupied asset with virtually no management intensity. A newly installed well, freshly serviced HVAC systems, and metal roofs deliver a turnkey multifamily acquisition priced well below replacement cost in one of Florida's most sought-after coastal retirement destinations.