UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,435 sqft
Price per Sqft $559
Subdivision Bayview
MLS Listing ID N6139645
Bedrooms 10
HOA Y/N No
Year Built 1949
Annual Tax Amount $9,328
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Incredible opportunity to own a fully leased, 6+ unit (ability to make it 8-unit) multifamily property just minutes from world-renowned Siesta Key Beach. This rare income-producing property combines two adjacent triplexes offering a versatile mix of units:
(1) 2BR/2BA (Front-Pink, Siesta- able to split as 1/1 and 1/1 Efficiency)
(1) 1BR/1BA (Front-Blue, middle Siesta Cottage)
(1) 1BR/1BA (Front-Yellow, back/side Siesta Cottage)
(2) 1BR/1BA (Back- Blue and Yellow; Wisconsin)
(1) Studio 1/1 (efficiency layout; Back-Red, Wisconsin)
(1) 3BR/1BA (Back- Pink, Wisconsin)
Whether you're an investor seeking strong returns or an owner-occupant looking to offset your housing expenses, this property offers proven income with both long-term tenants and short-term (weekly) rental zoning, maximizing flexibility and potential revenue.
Recent updates and features include: Newer roofs (2016 & 2017); All NEW siding, including new cement board siding on one structure; NEW hot water heaters (2021 & newer); New appliances in all units; New A/C units; Outdoor sensor lighting and security cameras; Professionally landscaped grounds with exotic plants and mature trees; NEW exterior PVC plumbing, NEW Fencing and much more!
Located in a high-demand area, just blocks from the North Bridge of Siesta Key and walking distance to grocery stores, dining, shopping malls, public transportation, banks, post office, and more. Weekly rentals are permitted, making this an ideal option for Airbnb or seasonal leasing. Level D evacuation zone; No Flood Insurance Required in X-Zone! CITY LIMITS (7-day minimum!). Largest multiplex on siesta- won't last!
Parking allows for up to 17 vehicles, even extra space for your outdoor toys- boats, kayaks, jet-skis etc...This is the diamond in the rough for location and income ability with flexibility on SIESTA!
This property must be sold in conjunction with adjacent parcel at 1760 Wisconsin Lane, Sarasota, FL 34239 (even if to separate buyers), creating a rare 6-unit investment package with excellent income potential.
Please do not visit or walk the property without an appointment. Listing agent must accompany.
Location
State FL
County Sarasota
Community Bayview
Area 34239 - Sarasota/Pinecraft
Zoning RMF2
Interior
Interior Features Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
Heating Central, Electric
Cooling Central Air, Ductless, Wall/Window Unit(s)
Flooring Terrazzo, Tile, Vinyl
Fireplaces Type Family Room, Living Room
Fireplace true
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry Common Area, Electric Dryer Hookup, Laundry Closet, Outside, Washer Hookup
Exterior
Exterior Feature Lighting, Storage
Parking Features Assigned, Common
Utilities Available Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected
Roof Type Shingle
Porch Covered, Front Porch, Patio, Porch, Rear Porch, Side Porch
Garage false
Private Pool No
Building
Lot Description In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Pet Size Extra Large (101+ Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Num of Pet 10+
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/N6139645
