Active

$999,000

Features:
  • 5 Bedrooms
  • 4 Bathrooms
  • 2201 sq ft
Overview
  • ID: MFRA4642764
  • Bedrooms: 5
  • Bathrooms: 4
  • Size: 2201 sq ft
Property Details
Remarks
TURNKEY 4-UNIT INCOME PROPERTY in HIGH-DEMAND PINECRAFT - 8%+ CAP RATE & $100K+ GROSS INCOME POTENTIAL! Attention Investors & Airbnb Hosts! This rare, fully permitted 4-unit property in the heart of Sarasota is a proven cash-flow machine, delivering a projected annual gross income of nearly $100K and an 8%+ cap rate. Situated in the high-demand Pinecraft neighborhood, this turnkey investment is fully furnished and rental-ready, offering immediate income with bookings already in place. PROPERTY HIGHLIGHTS: -Four income-producing units – a main home with a separate loft plus two standalone cottages, maximizing rental potential. -Offered fully furnished with $40,000+ worth of included furniture, TVs, kitchenware, and décor, allowing seamless ownership. -Meticulously renovated with high-end finishes, modernized kitchens and bathrooms, fresh paint, and upgraded flooring. -Impact windows (all but two) & 9-year-old roof, ensuring long-term durability and energy efficiency. -Private outdoor seating areas for each unit, creating an inviting and comfortable retreat for guests. -Spacious covered front porch adding charm and curb appeal to the main home. -Dedicated on-site parking – a premium feature that enhances guest convenience. -Separate laundry room, an essential amenity for short-term and long-term renters alike. PRIME LOCATION & ENDLESS INVESTMENT POTENTIAL: -Proven short-term rental success with strong occupancy rates and room to increase revenue. -Perfectly positioned near Yoder’s Deli, Der Dutchman Restaurant, and Pinecraft Park, offering guests easy access to local favorites. -Portfolio expansion opportunity with additional units available for purchase. This property is an investor's dream, a rare find in Sarasota’s booming rental market. Whether you’re looking to scale your short-term rental portfolio or secure a high-yield, hands-off investment, this is an opportunity you don’t want to miss. Schedule your private showing today!
Financial Considerations
Price:
$999,000
HOA Fee:
N/A
Tax Amount:
$9165
Price per SqFt:
$453.88
Tax Legal Description:
LOT 2, BLK H, LESS SLY 30 FT THEREOF, HOMECROFT
Exterior Features
Lot Size:
6072
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
4
Heating:
Central, Zoned
Cooling:
Central Air, Mini-Split Unit(s), Wall/Window Unit(s), Zoned
Appliances:
Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
Furnished:
Yes
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1945
Construction Type:
Concrete, Metal Frame, Stucco, Vinyl Siding, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Outbuilding(s), French Doors, Private Mailbox, Rain Gutters
Additional Features 2:
N/A
Map
  • Address
    3504 ESTRADA ST
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