Beneva Oaks is a 40-unit, Project-Based, head of household disabled, Section 8 community located in Sarasota, Florida in close proximity to Downtown Sarasota. The property was originally developed in 1991 under the HUD Section 202 program and has provided affordable housing for head of household disabled residents since inception. There is one, three-story, elevator serviced apartment building which is constructed of poured concrete load-bearing exterior walls with a low pitch built-up flat roof. The property sits on a 1.8 acre site featuring shady mature oak trees throughout the site. The building houses 40 residential homes, a leasing office, and a community recreation room for the residents featuring wide-screen television for entertainment and a fully equipped kitchen. The apartment homes are a mix of 20 one-bedroom/one-bathroom units, which are 521 square feet, and 20 two-bedroom/one-bathroom units which are either 668 or 702 square feet. The property offers handicap accessible units in both floor plans. The units feature fully-equipped kitchens, wall A/C units, semi-private entries via air-conditioned common interior corridors, durable wood-flooring (select units), hard-wired smoke detectors and emergency call button in the bathrooms.

Residents enjoy amenities such as an on-site leasing office and maintenance, a community recreation room, laundry facilities, a service coordinator who coordinates third-party visitors to conduct sessions for life skills such as cooking and personal finance management. The community also offers exterior amenities such as a large furnished, enclosed screened patio and a shady, landscaped outside area featuring sitting and picnic areas.

Beneva Oaks is located in Sarasota, Florida off Beneva Road, a major north-south thoroughfare, with bus service conveniently located directly in front of the property. Located in close proximity are many desired destinations including Downtown Sarasota (2.5 miles), Siesta Beach (9 miles), St Armand’s Circle (2.5 miles), and Sarasota-Bradenton International Airport (6 miles). For the convenience of the residents, there are also desirable destinations within walking distance including two major tenant anchored shopping centers featuring Publix, Beall’s, fast food and banking establishments. Within 3.5 miles of the property are medical facilities including Sarasota Memorial Hospital, an 806-bed regional medical center which is the county’s second-largest employer with 4,000 staff members and 1,000 volunteers. Located 3.5 miles from the property is Interstate-75 giving access to other parts of the county and the region including Bradenton and Tampa Bay to the north and Port Charlotte, Cape Coral, and Fort Myers to the south.

  • Project-Based Section 8 Property with HAP Contract In-Place
  • Attractive, Assumable Financing
  • Solid, Concrete Construction
  • Blend of One and Two-Bedroom Units
  • Expected Continued High Demand for Affordable Rental Units
  • In Close Proximity to Downtown Sarasota and Award Winning Beaches
  • Walking Distance to Grocery Stores, Pharmacies, and Shopping
  • Public Transportation Stop Directly in Front of the Property
  • Sarasota Memorial Hospital and other Medical Facilities within 4 Miles of the Property

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