Sarasota FL Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
1,632
Status:
NEW LISTING
Beds:
n/a
Year built:
1945
Baths:
MLS#:
A4628893
Subdivision:
Rio Vista

ADDITIONAL INFORMATION

Attention investors! This 7% cap rate duplex is already nicely remodeled with all of the major mechanicals updated within the last few years. Flood insurance is not required and the home had no flooding or damage during any of the storms this year. New roof in 2021, the AC unit was replaced in 2021 in the upstairs unit and 2018 in the bottom unit. The house was re-plumbed in 2019 with all PEX and PVC and new sewer lines. The upstairs unit has all new appliances, kitchen cabinets and countertops. Both units have new vinyl flooring and updated kitchens and bathrooms. The units are individually metered. The upstairs unit is currently rented at $1800/mo through April 1, which is below market rent and tenant pays all utilities. The downstairs unit is being sold turnkey furnished. It was used for family and friends and some short term rentals. The location is excellent - near public transport and only 2 miles to downtown Sarasota and 3 miles to Bayfront Park. It is also very close to the Legacy Trail access point. The property is fully fenced and the backyard is nicely shaded with a large covered storage shed. There is parking space for up to 5 vehicles. Showings to begin Saturday afternoon and sellers will review all offers Tuesday evening.

Type:
Duplex
Sq.Ft.:
2,853
Status:
Active
Beds:
3
Year built:
1956
Baths:
3.00
MLS#:
A4625159
Subdivision:
Desoto Terrace

ADDITIONAL INFORMATION

SPACIOUS HOME W/ POOL & ATTACHED APARTMENT IN INDIAN BEACH: PRICED TO SELL. Completely updated 1900 + SF home sits on a large lot two blocks from the bay and 3 minutes from downtown. Close to beaches, Ringling Museum, and colleges. Home has weathered all of the storms without a scratch. Main Residence is a 1350 SF 2-bedroom, 1 bath with pool, bonus room, and open floor plan with white palette and slate tile floors. The attached Mother-in-Law suite / Apartment is a 1-bedroom, 1-bath 600 SF unit with office, fenced yard, screened porch, its own fenced-in yard and separate driveway. It boasts a strong rental history (currently 2200.00/month). Recent Upgrades (2020-2024) include: New roof (2021) New Windows (2024) All sewer lines replaced (note: it is estimated that 80% of homes in Indian Beach needs their sewer lines replaced !!!) New electrical panels x 2 (apartment has separate meter) New central AC system in apartment Upgraded plumbing with PEX New water heaters x 2 Pool resurfacing and mechanical upgrades 0.3-acre double lot zoned RMF-4 Space for RV parking, garage, ADU etc No HOA or service fees Strong Investment Potential in a very favorable Airbnb / rental environment Perfect for the buyers who want passive income to help finance their Florida lifestyle. Sellers are motivated due to unforeseen life changes.

Type:
Duplex
Sq.Ft.:
4,936
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1993
Baths:
MLS#:
A4624212
Subdivision:
Sarasota Gardens

ADDITIONAL INFORMATION

Welcome to an amazing investment opportunity! Your private oasis with two homes! This property has a private road and is located in the UTC area - just 1 mile to all the restaurants, shopping, and parks, but you'd never know it because of the amazing privacy! Winding canopy road takes you to your main home - 3 bedrooms/2 baths/2 car garage and pool! The Large lanai by pool with pocket doors for outside living and the massive deck on north side of home let you entertain and relax! Also on the property is a large Guest home above a huge garage/workshop! This home has 2 bedrooms/1 bath upstairs and a garage/workshop + office/1/2 bath downstairs with a laundry area and plenty of space. Bring your RV/boat/work vehicles, this is not an HOA or deed restricted location! What a find!! - this much square footage with 2 homes, on this much land, and west of I-75 for under a million!

Type:
Duplex
Sq.Ft.:
1,159
Status:
Active
Beds:
n/a
Year built:
1950
Baths:
MLS#:
A4623939
Subdivision:
Harbor Oaks

ADDITIONAL INFORMATION

*Price Improvement, Seller Motivated!* This home remained unaffected by recent storms, with all surrounding debris promptly removed. The exterior and decks have been professionally power washed, ensuring a clean, fresh look that’s ready for new owners to enjoy! Discover an exceptional multi-family duplex located in the heart of Sarasota, with a recent sale of a multifamily home on the same street, this property is attractively priced for the neighborhood, offering a unique opportunity to invest in a highly desirable area with proven market interest. This property is ideally situated on a peaceful two-lane cul-de-sac, featuring beautiful county maintained treed green space, making it perfect for both multi-family living and as a family home with a separate private entrance mother-in-law apartment. This duplex boasts numerous features including central air and heat, a new roof installed in 2021, PVC plumbing, and separate electric meters with upgraded panels. This property presents a remarkable investment opportunity with cap rate that is expected to improve in this high-demand rental neighborhood. The duplex features two distinct units. Unit 1 is a spacious 2 bedroom, showcasing natural red oak floors, Hunter Douglas Cellular Tech shades, and an updated bath complete with floor-to-ceiling porcelain tile, an Italian hand-painted pedestal sink, matching bidet, and a luxurious jetted tub. A discreet laundry closet is conveniently located opposite the bath. The designer chef’s kitchen features high-end stainless steel appliances, butcher block counters, and dramatic porcelain flooring, complemented by an adjacent pantry for added efficiency. Unit 2, a cozy 1 bedroom, feels larger due to its open design and large windows offering lush tropical views. This unit includes a separate driveway and private gated entry, along with a secluded outdoor patio. It features laminate flooring in the main room, floor-to-ceiling ceramic tile in the bath, and high-quality carpet in the bedroom, complete with an jetted tub. The utility lines are all underground, eliminating any overhead wire! Upgraded windows enhance both efficiency and aesthetics. The meticulously landscaped grounds are adorned with mature trees that provide luxurious shade and complete privacy thanks to the fenced yard. Additional outdoor amenities include photovoltaic lighting and separate driveways for generous off-street parking, along with a permitted 100 sq. ft. workshop/storage building with electric. Don’t miss this incredible opportunity to own a beautifully maintained multi-family property in a thriving neighborhood—schedule a showing today!

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1945
Baths:
MLS#:
A4623849
Subdivision:
Homecroft

ADDITIONAL INFORMATION

3 homes located in the HEART of PINECRAFT, A 4 bedroom, 3 1/2 bath MAIN HOME, a detached 2 BEDROOM, 2 BATH home and a 1 bedroom, 1 bath home...Everything was HIGH & DRY during the recent storm...Use for INVESTMENT or a FAMILY COMPOUND... A renovation like no other by one of the best contractors in town. Both the MECHANICS and COSMETICS of these properties are astounding, with thought and consideration evident in every room. All the DRAINPIPES have been replaced with PVC, and the PRESSURE LINES are new and supported by TANKLESS HOT WATER HEATERS. The ELECTRICAL SYSTEM has been completely updated, including the panel, wiring, and fixtures. The NEW KITCHEN has stainless steel appliances and granite countertops, with an enormous number of cabinets and counter space. In the MAIN HOUSE, the primary bedroom is complemented by a spacious bathroom and walk-in closet, which includes an ADDITIONAL WASHER/DRYER for that end of the house. The OFFICE, located off the primary bedroom, has its own outside entrance. All the bathrooms are NEW, as are the IMPACT WINDOWS. The main house features a NEW METAL ROOF. The OUTSIDE KITCHEN is made of composite materials not prone to decay. Additionally, the property includes a DETACHED 2-bedroom, 2-bath home that has been completely renovated to the high standards of the owner/contractor, from the drainpipes to the new roof and has a 20 x 08 covered porch... There is also a DETACHED 1-bedroom, 1-bath apartment with a long-term tenant in place. The property boasts a HUGE GARAGE/WORKSHOP and a 2-car carport. Everything is connected by a spacious paver brick driveway and patio sitting area, surrounded by lush landscaping that brings the final touches to this TRULY REMARKABLE INVESTMENT or FAMILY COMPOUND

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1974
Baths:
MLS#:
A4622320
Subdivision:
Booker Park 2nd Add

ADDITIONAL INFORMATION

PRICE IMPROVEMENT as of 11/11/24. Discover a fantastic investment opportunity with this income-producing duplex in Sarasota! Each side of the duplex is currently occupied and offers a comfortable living space: one side features 3 bedrooms and 1 bath, while the other side includes 2 bedrooms and 1 bath. Both units boast durable tile floors throughout and benefit from recently installed AC units (2021). Conveniently located just 9 minutes from downtown Sarasota and 15 minutes from the Gulf Coast beaches, this property is perfectly positioned for both tenants and future growth. SELLER OFFERING 5K towards BUYERS CLOSING COST. Don’t miss out—schedule your showing today!

Type:
Duplex
Sq.Ft.:
2,254
Status:
Active
Beds:
n/a
Year built:
1957
Baths:
MLS#:
A4622091
Subdivision:
Clarks Sub

ADDITIONAL INFORMATION

Perfect opportunity to own a legal multi family residence in a fantastic, sought-after location. Easily walkable to Publix as well as restaurants and shopping, and just a short drive to SMH, beaches, and downtown Sarasota. This income producing duplex features a 1/1 and 2/1 and is on a large corner lot with mature trees. Both units have updated full kitchens with stainless steel appliances and updated bathrooms and flooring. This property is being sold turn key furnished and move in ready. Live in one side and rent out the other or use both units for rental income!

Type:
Duplex
Sq.Ft.:
2,151
Status:
Active
Beds:
5
Year built:
1962
Baths:
2.00
MLS#:
A4621288
Subdivision:
Newtown South Side Add To

ADDITIONAL INFORMATION

Income producing duplex with both sides rented. HVAC replaced in 2022 and 2024, new oven, roof replaced in 2013. One side is fully tiled and the other has terrazzo flooring, no carpet! A fully fenced lot is perfect for children or pets. Each tenant their own laundry room and carport. The property is in the Wilkinson Elementary, McIntosh Middle and Riverview High School zones. Close to the very popular and growing Gillespie area with a dog park, tennis courts, basketball courts, playground and much more. The large corner lot property gives both sides plenty of yard space and convenient parking and spans 2 streets so there is extra room between you and your neighbors. Great option for a 1031 exchange, first time investors, or someone who wants to live in one side and rent the other. Are you a first-time buyer feeling priced out of the housing market? Use the rental income to help qualify for your loan and have the tenant pay most of your monthly payments! Virtual tours for each side are provided for your convenience. Seller will consider financing.

Type:
Triplex
Sq.Ft.:
2,729
Status:
Active
Beds:
5
Year built:
1940
Baths:
3.00
MLS#:
A4619451
Subdivision:
Rhodes & Hale Sub

ADDITIONAL INFORMATION

Welcome to a rare Triplex in the coveted Downtown Historic District of Laurel Park, Sarasota. This well-maintained triplex is an established Airbnb property with a proven rental record. It offers a turn-key solution for savvy investors or homeowners looking to capitalize on its steady income potential. The triplex has been beautifully renovated and maintained by the current owners. It features three charming units: all with their own private driveway. The two front units have two bedrooms and one bathroom each, and the rear unit has one bedroom and one bathroom. it uniquely has an address on Laurel Street as the flag lot has frontage on both Ohio Place and Laurel Street. Each unit includes a private rear patio with patio sets, off-street parking, and washers/dryers (with two units sharing a laundry area); another has a washer and dryer inside. Fully furnished and ready to continue as a successful vacation rental, as it has been, but could also be converted to long-term, this property promises a hassle-free transition with existing management and future bookings in place. With 2024 financials mirroring the success of 2023, this property promises steady income. This triplex has consistently achieved Airbnb Superhost status, attracting guests and generating reliable income year-round. The seller is eager to facilitate a smooth transfer, ensuring the new owner experiences the same benefits. In 2023, this property generated $111,599.17. January to June 2024 has been $74,084.36, which is almost identical to 2023's numbers. All of this will be available upon request to a qualified potential buyer, there are also some gaps in the methods of the owner... This is a hands-off investment for the current owner; with a little more effort, signage, and efforts to book repeat guests for the following year, I am sure that the income could be pushed higher. Nestled in the National Historic District of Laurel Park, this property offers easy access to Sarasota’s bayfront, restaurants, shopping, Selby Gardens, and vibrant arts and theater venues. Seize the opportunity to own this turn-key triplex in Laurel Park and start benefiting from proven Airbnb rental success, the upside potential to Sarasota's growth, and enjoy the continued growth of the best place residential neighborhood in Sarasota's Down Town area. Contact us today to explore this income-generating gem!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1955
Baths:
MLS#:
A4619477
Subdivision:
Sarasota/sea Add 01

ADDITIONAL INFORMATION

Welcome to your dream investment opportunity! This stunning duplex, ideally situated in a highly sought-after vacation destination, offers an exceptional chance to own a lucrative income-producing property. With modern amenities, stylish interiors, and a prime location, this property is perfect for vacation rentals, ensuring high occupancy rates and excellent returns. This exceptional property, featuring two new A/C units (2022), a new water heater (2023), and a durable metal roof, promises both comfort and peace of mind. This versatile property comprises two distinct residences, each thoughtfully renovated and equipped with modern conveniences. The one-bedroom, one-bath residence exudes charm with its contemporary kitchen and bath, tile floors, washer and dryer, and cozy living space, making it perfect for a single occupant or couple. The two-bedroom, two-and-a-half-bath townhome-style residence, spread over two levels, offers spacious living with wood floors upstairs, updated bathrooms, a modern kitchen, tile floors downstairs, and a washer and dryer, ideal for families or larger groups. Outdoor living is a delight with low-maintenance landscaping, a generous patio area, and a private, gated backyard. The shared screened porch entry adds to the property's charm and functionality, while outside parking accommodates up to five cars. Residents will enjoy the heated pool and deeded beach access just one block away, offering the ultimate in convenience and leisure. Positioned within close proximity to shopping and restaurants, this property ensures that all your needs are met. With a proven rental history, this duplex is perfect for vacation rentals, promising excellent returns for the savvy investor. Experience the best of Siesta Key living at 6630 Midnight Pass Rd, where every detail has been curated for an exceptional coastal lifestyle. This duplex is a proven income producer with an established rental history and strong demand from vacationers year-round. The current owner has also used the property for family stays, suggesting that even higher income could be achieved with more dedicated rental availability. Don’t miss this rare opportunity to own a piece of paradise with outstanding income potential.

Type:
Multi-Family
Sq.Ft.:
3,158
Status:
Active
Beds:
5
Year built:
1926
Baths:
5.00
MLS#:
A4617143
Subdivision:
Burns Realty

ADDITIONAL INFORMATION

This unique property comes with many options. With 5 apartments there is instant income. Located within easy walking distance to Burns Court area and Downtown Sarasota. This is a rare hard to find double lot for .24 acres. Property is in great shape and is bracketed buy new homes. The main house faces Oak St. and backs to Devonshire. There is city water and sewer as well as natural gas.

Type:
Duplex
Sq.Ft.:
1,953
Status:
Active
Beds:
4
Year built:
1971
Baths:
4.00
MLS#:
A4616198
Subdivision:
South Highland Amd Of

ADDITIONAL INFORMATION

$90,000 / YEAR in gross income! NO flooding. NO storm damage. Neither Debby, Helene nor Milton could ruin this beauty! Impressively well built duplex is ready for you to take over this great income producing property within close proximity to every amenity you can dream up! Presenting a rare opportunity for savvy investors seeking an exceptional blend of upscale living and lucrative rental income. We proudly introduce this meticulously crafted duplex nestled within Sarasota's sought-after South Highland enclave. This impeccably appointed property, zoned RSF3, epitomizes refined coastal living, situated on a tranquil cul-de-sac with a meticulously landscaped, fully fenced backyard sanctuary. Radiating exclusivity, this income-producing gem is strategically positioned just steps from Sarasota's acclaimed dining and leisure destinations, including Walt's Fish Market Restaurant, Trader Joe's, Demetrio's Pizza, the prestigious Field Club, and the captivating Sarasota Bayfront. Access to Siesta Key Beach is effortless via nearby bridges, combining convenience with coastal charm for an unparalleled lifestyle and potential return on investment. This duplex offers an enticing investment opportunity with a 30-day rental minimum and potential for up to 12 rentals annually, adhering to County Zoning regulations. Free from flood zones, homeowner associations, or community development districts, this property offers unparalleled freedom and flexibility, ensuring an investment unencumbered by restrictive covenants or additional fees. Beyond its prime location and regulatory advantages, the property showcases contemporary elegance following a meticulous renovation. Each unit features two bedrooms, two full baths, and a private outdoor retreat on each side surrounded by lush foliage—a haven for relaxation and rejuvenation. Gourmet kitchens in each unit boast quartz countertops and sleek shaker-style cabinetry, complemented by spa-inspired bathrooms with marble accents and glass shower doors. Updated HVAC systems, wood-look tile flooring, and custom plantation shutters blend style with functionality. Outside, residents, guests, and renters enjoy a coastal paradise with swaying palm trees, sandy expanses, and lush landscaping creating a perpetual vacation ambiance. The fully fenced property offers complete privacy and features cedar outdoor rainfall showers, ideal for enjoying the outdoors in comfort and style. Sold fully furnished, this turnkey opportunity capitalizes on Sarasota's thriving vacation rental market with a history of top-tier guest reviews. Combining sophistication with profitability, this duplex epitomizes the quintessential Florida lifestyle—an oasis of tranquility and an unparalleled investment opportunity. With no deed restrictions, ample space allows for RVs, boat parking, and more on the expansive 60-foot-wide, 125-foot-deep lot. Recent updates include new AC units, appliances, washers, dryers, and water heaters in 2021, with a shingle roof installed in 2009. Being sold as seen, turnkey furnished. Seize this chance to own a rare cash flow property in one of Sarasota's most desirable neighborhoods. The blend of upscale living, prime location, and lucrative rental potential makes this duplex a standout investment in the thriving Sarasota real estate market. Don't miss out on this rarely available duplex for sale—an exceptional opportunity for discerning investors and homeowners alike.

Type:
Multi-Family
Sq.Ft.:
4,402
Status:
Active
Beds:
6
Year built:
1961
Baths:
6.00
MLS#:
A4614669
Subdivision:
Valencia Terrace Rev

ADDITIONAL INFORMATION

Welcome to Delmar Apts on 13th, where urban chic meets downtown Sarasota charm. This turnkey five-unit gem is the epitome of style and comfort. All of the units are beautifully updated and turnkey ready. Four of the units are 1-bedroom, 1-bathroom units, each exuding a retro vibe that's sure to captivate. The fifth unit is the expensive 2-bedroom, 2-bathroom unit, complete with a den and separate bonus room. Every unit features a fully equipped kitchen and comes fully furnished turnkey, making them perfect for short-term rentals. Additional perks include covered parking, outdoor storage and an on-site laundry. Imagine Adirondack chairs and a fire pit on the spacious back patio, along with e-bikes for the ultimate convenience. Located just a stroll or ride away from the downtown farmers market, Bayfront Park, Main Street's vibrant restaurants and bars, Publix, and Whole Foods, this property is a hidden treasure ready for its next chapter.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1987
Baths:
2.00
MLS#:
A4614227
Subdivision:
Irvington Heights

ADDITIONAL INFORMATION

Great investment opportunity, conveniently located in Sarasota. Earn immediate income as all units are currently leased. This property will have to be sold together with 2371 Leon Avenue, also listed at $500,000 and fully occupied with tenants.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1987
Baths:
2.00
MLS#:
A4614221
Subdivision:
Irvington Heights

ADDITIONAL INFORMATION

Great investment opportunity, conveniently located in Sarasota. Earn immediate income as all units are currently leased. This property will have to be sold together with 2381 Leon Avenue, also listed at $500,000 and fully occupied with tenants.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1977
Baths:
MLS#:
A4612891
Subdivision:
Phillippi Gardens

ADDITIONAL INFORMATION

Endless opportunity awaits at this Multi family residence with two units. Each unit offers 2 bedrooms, 2 bathrooms and a single car garage. The rental unit is being sold furnished, ready to rent! This can be a multi generational home or the investment property opportunity that you have been waiting for! Live on one side, rent the other OR rent both units for a nice income. Both units have been remodeled and are cozy and quaint. THIS HOUSE HAS MADE IT THROUGH THE RECENT STORMS WITH NO DAMAGE. This is beautiful peace of mind! Have more peace of mind with the young roof that was installed in 2022 and enjoy newer AC units (2024 and 2022)! This duplex is conveniently located minutes from Siesta Key and its beautiful Gulf Beaches, numerous golf courses, shopping, restaurants and the wonderful downtown Sarasota area that offers a plethora of cultural venues, restaurants and shops. You will fall in love with this opportunity! Come see, come sigh and make this property your own!

Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
8
Year built:
1972
Baths:
8.00
MLS#:
A4611965
Subdivision:
Lido Beach Div B 3

ADDITIONAL INFORMATION

**FOURPLEX for Sale! - Prime Investment Opportunity in an Unbeatable Location AND NEW PRICE!** Discover a rare gem one street over from the stunning Lido Key Beach, nestled in the vibrant heart of Sarasota. Renowned for its emerald green waters and family-friendly atmosphere, Lido Key Beach offers exceptional amenities, including a pool and a pavilion serving food, beer, and wine. This lovely Mediterranean-style building comprises FOUR 2-bedroom, 2-bathroom apartments, each currently rented on an annual basis. The two-story quadplex is perfectly positioned for easy access to the famous St. Armand's Circle and downtown Sarasota, making it a top choice for both locals and tourists. Renters are drawn to the area for its proximity to premier shopping, dining, and entertainment options. The property has been meticulously maintained. Each unit boasts a clean aesthetic, with split layout living spaces. Exterior amenities include a seating area, one parking spot per unit and two additional guest parking spots. Currently in good condition, the building is offered as-is and is available for cash buyers only. No seller financing. Don't miss this incredible investment and/or 1031 exchange opportunity in one of Sarasota's most sought-after locations. Act quickly—this property won't last long!

Type:
Duplex
Sq.Ft.:
4,420
Status:
Active
Beds:
8
Lot size:
1 Acres
Year built:
1943
Baths:
6.00
MLS#:
A4612474
Subdivision:
Whitfield Est. E Of 41 23-26/35/17

ADDITIONAL INFORMATION

It's time to seize this incredible investment opportunity! Located in Whitfield Estates, this property has 3 duplexes, totaling 6 rental units. These duplexes are comprised of four 1/1 units and two 2/1 units on over half an acre of land. All duplexes currently have tenants on a month-to-month rental, with the opportunity for rent increase, due to a great location and high demand for these units. This is a large property, and it would be a great addition to any investment portfolio!

Type:
Duplex
Sq.Ft.:
5,039
Status:
Active
Beds:
n/a
Year built:
2022
Baths:
MLS#:
A4612045
Subdivision:
Lido Beach Div B Resub

ADDITIONAL INFORMATION

Constructed in 2022 and nestled in the heart of Lido Beach. Income producing property, turnkey home with modern furnishings, this property offers the perfect blend of comfort, style, and convenience. Experience luxury beach living at its finest in this stunning custom-built home. Spanning over 4100 sq ft home with nine bedrooms and eight full bathrooms, and a powder room, this expansive home provides ample space for relaxation and entertainment. The open layout, complemented by high ceilings and floor-to-ceiling windows, floods the interior with natural light and creates a seamless flow between the living areas. A lavish owner's suite, providing a private retreat with all the comforts of home is located on the first floor. Additionally, six well-appointed ensuite bedrooms ensure privacy and comfort for guests, with only two bedrooms sharing a convenient Jack and Jill bathroom. For added convenience, this property includes a two-car garage, balconies, entertainment room, open seating area in the upper level with a balcony. Outdoor shower, Gazebo, outdoor gas fire pit, fenced backyard and so much more. Ascend to the private rooftop terrace, where panoramic views of Lido Beach and glimpses of the Gulf of Mexico and bay await. Whether you're hosting gatherings or simply enjoying a quiet moment, this rooftop retreat offers the ultimate vantage point for soaking in the beauty of the surroundings. Don't miss the opportunity to own this exceptional property, offering the epitome of beachside luxury living. Schedule your private tour today and experience the unparalleled elegance and sophistication of this Lido Beach gem. Projected income $400,000 yearly

Type:
Duplex
Sq.Ft.:
4,500
Status:
Active
Beds:
4
Year built:
1985
Baths:
3.00
MLS#:
G5082108
Subdivision:
Sarasota Beach

ADDITIONAL INFORMATION

Presenting an exclusive opportunity on Siesta Key Beach – an exceptional duplex for your consideration. This is situated directly on Beach Road, boasting a consistent income stream. It can be retained as a lucrative investment or transformed into a grand three-story duplex with the potential for even greater returns. This property is divided into two separate units: a 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. With its rare zoning approval for short-term and nightly rentals, this property is perfect for use as a primary home, vacation home, or income-generating investment. This home's revenue is sure to exceed your expectations. All aspects of the rental, including cleaners, management, and handyman services, are already in place, ensuring a seamless and hassle-free transition. This property has earned a 4.9-star rating as a VRBO 'Premier Host and is recognized as an Airbnb 'SuperHost'. Included is an already preapproved plan with permits paid and engineered drawings approved to enclose the bottom garage area, adding an additional 2,000 square foot of space. Custom murals throughout the house making it one of the most sought after and unique homes on Siesta Key. Both units have undergone recent upgrades, including new floors, fresh paint, new bathrooms, and stylish new furnishings. Local artist-created custom murals provide pops of color to the traditional shiplap walls, and built-ins. The kitchens feature granite countertops and stainless-steel appliances, and the exteriors offer new fencing, a stone-paved patio with two grills, 2 private hot tubs, 2 tiki huts and a large heated pool. Entire in-house property management, cleaners, handyman, etc to stay with the sale making it turnkey and easy to operate. The management fee cost is about 3.5%, not the standard 20% as in most cases. The home brought in over $386,000 gross in last 12 months. Gross cap rap is at 11%. This is unheard of on such a great property that will continue to grow in value.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Year built:
1977
Baths:
2.00
MLS#:
A4574203
Subdivision:
Walpole Frank A

ADDITIONAL INFORMATION

Investment opportunity, a corner lot duplex, located between downtown and Ringling College. Each unit has 725 sq ft with 2 bedrooms, 1 bath and the convenience of an attached carport. Re-pipe, roof 2011. Each unit has a fenced in yard, Mango and Avocado trees in one side. Tenants are currently in place on a month to month. Being sold As Is. Please do not disturb tenants. A great investment in an unbeatable location, with all of the amenities of downtown Sarasota, local colleges, St Armands Circle, and beaches near by.

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Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Hwy 121 Bypass, Suite 100, Lewisville, TX 75067

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2024, My Florida Regional MLS DBA Stellar MLS.



Sarasota Real Estate

The median home value in Sarasota, FL is $500,000. This is higher than the county median home value of $458,200. The national median home value is $338,100. The average price of homes sold in Sarasota, FL is $500,000. Approximately 43.67% of Sarasota homes are owned, compared to 33.6% rented, while 22.73% are vacant. Sarasota real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Sarasota real estate agent to arrange a tour today!

Sarasota, Florida has a population of 53,786. Sarasota is more family-centric than the surrounding county with 17.85% of the households containing married families with children. The county average for households married with children is 17.15%.

The median household income in Sarasota, Florida is $62,615. The median household income for the surrounding county is $69,490 compared to the national median of $69,021. The median age of people living in Sarasota is 49 years.

Sarasota Weather

The average high temperature in July is 90.7 degrees, with an average low temperature in January of 50.9 degrees. The average rainfall is approximately 56 inches per year, with 0 inches of snow per year.

Sarasota Real Estate Market Conditions

  • Median sales price

    $500,000
    31.2% change since last quarter
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Sarasota Schools and Demographics

Education near Sarasota, FL

Metric City County
High School Graduates 90.53 93.68
College Degree - 2 year 8.1 9.58
College Degree - 4 year 38.31 37.32
Graduate Degree 10.31 11.05
Expenditures per Student 13,454 13,454
Students per Teacher 15.4 15.4

Elementary Schools near Sarasota, FL

School Grades Students P/T Ratio ZIP
Alta Vista Elementary School KG - 05 635 13 34237
Ashton Elementary School PK - 05 896 16 34233
Bay Haven School of Basics Plus KG - 05 591 14.8 34234
Brentwood Elementary School PK - 05 672 12.7 34232
Emma E. Booker Elementary School PK - 05 554 12.6 34234
Florine J Abel Elementary School PK - 05 554 13.8 34243
Fruitville Elementary School PK - 05 761 13.1 34232
Gocio Elementary School PK - 05 668 13.4 34235
Gulf Gate Elementary School PK - 05 753 14.2 34231
Imagine School At Palmer Ranch PK - 08 429 14.3 34238
Kinnan Elementary School PK - 05 656 16 34243
Lakeview Elementary School PK - 05 606 15.2 34241
Phillippi Shores Elementary School PK - 05 750 15 34231
Sarasota Academy of the Arts KG - 08 207 9 34232
Sarasota Suncoast Academy KG - 05 500 15.6 34241
Southside Elementary School PK - 05 725 14.5 34239
Suncoast School for Innovative Studies PK - 08 422 10.6 34237
Tatum Ridge Elementary School PK - 05 669 14.5 34240
Tuttle Elementary School PK - 05 701 13.2 34237
Wilkinson Elementary School PK - 05 483 12.1 34231

Middle Schools near Sarasota, FL

School Grades Students P/T Ratio ZIP
Booker Middle School 06 - 08 856 13.8 34234
Brookside Middle School 06 - 08 820 15.5 34239
McIntosh Middle School 06 - 08 684 13.7 34232
Sarasota Middle School 06 - 08 1,270 15.9 34233
Sarasota Military Academy Prep. 06 - 08 422 15.1 34240
Sarasota School of Arts/Sciences 06 - 08 750 17.1 34236
Sarasota Virtual Instruction (Course Offerings) 09 - 12 0 34231

High Schools near Sarasota, FL

School Grades Students P/T Ratio ZIP
Booker High School 09 - 12 1,087 15.8 34234
Riverview High School 09 - 12 2,483 19.7 34231
Sarasota High School 09 - 12 2,110 19.9 34237
Sarasota Military Academy 09 - 12 1,094 15 34236
Suncoast Polytechnical High School 09 - 12 541 23.5 34233

Ungraded Schools near Sarasota, FL

School Grades Students P/T Ratio ZIP
Access To Education KG - 12 39 5.6 34243
ESE Special Programs PK - 12 8 0.1 34231
Oak Park School KG - 12 345 6.3 34241
Sarasota Virtual Academy (Virtual Franchise) KG - 12 0 34233
Sarasota Virtual Instruction Program KG - 12 41 34231
Suncoast Technical College AE - AE 11 0.2 34233
Triad School 06 - 12 112 5.6 34233

Demographics near Sarasota, FL

Metric City County
Neighborhood Type
Population 53,786 429,336
Population Density 3,653 771
Median Age 49 56.5
People per Household 2.1 2.2
Median Household Income 62,615 69,490
Average Income per Capita 48,380 48,265