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Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1974
Sq.Footage
3,172
Virtually Staged. Cash flow in paradise! This is a great Sarasota investment opportunity featuring two side-by-side duplexes with four rentable units sold together as one package, tucked on a quiet street just minutes from the sugar sand of Siesta Key and across the way from the newly updated Landings Plaza with its new shops and restaurants. Whether you are growing a portfolio or making your first multifamily move, the expensive work is already done here, leaving a true turnkey asset of solid one-story block construction with tastefully renovated units and updated major systems throughout. Both buildings received brand new roofs in 2024, fully permitted, complete with sealed roof decks and third-nail wind mitigation retrofits, and current wind mitigation reports are in hand that may help qualify for insurance premium reductions. Upgrades since 2023 also include new electrical panels in all four units, full attic ductwork replacement, a new A/C in one unit, cast-iron drain line remediation, and kitchen and bath remodels in select units. Each unit offers 2 bedrooms, a full bath, and a convenient half bath located in the primary bedroom, along with a private entrance, in-unit washer and dryer, wood-look luxury vinyl plank flooring, ceiling fans, generous storage, and its own yard space with off-street parking beneath mature mango and shade trees. With the Landings Plaza at the doorstep, the Gulf Gate corridor, the Legacy Trail, and the beaches all minutes away, year-round rental demand takes care of itself. The duplexes sit on two separate tax parcels but are offered together as a package only and will not be sold individually. Capital improvements summary, wind mitigation reports, and closed roof permits available. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.**
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Stucco
-
Other Exterior Features
Lighting
-
Parking
Assigned
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.34
-
Lot Size(square feet)
14,500
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$1,000,000
-
Tax Amount
$10,021.06
-
Sq. Footage
3,172
-
Price/SqFt
$315
HOA
-
Association
No
School District
-
Elementary School
Phillippi Shores Elementary
-
Middle School
Sarasota Middle
-
High School
Riverview High
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
23
-
Water Source
Public
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Location
County
Sarasota
Elementary School
Phillippi Shores Elementary
Middle School
Sarasota Middle
High School
Riverview High
Listing Courtesy of Toni Zarghami , KW COASTAL LIVING III
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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