Sold

$430,000

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1679 sq ft
Overview
  • ID: MFRA4646451
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1679 sq ft
Property Details
Remarks
Fully leased duplex delivering a 7.51 % current cap rate (8.5 % pro-forma), located within the Sarasota city limits, in flood zone X (no flood insurance required) and featuring major systems replaced within the past seven years—roof, dual HVACs, and water heaters. Directly across from the revitalized North Water Tower Park, each 2 BR / 1 BA unit showcases timeless terrazzo floors, an open living layout, private laundry, a screened lanai, and a covered carport with locked storage. Separate utilities and block construction keep operating costs low, while proximity to downtown Sarasota, Bradenton, Lakewood Ranch, Ringling College, New College, SRQ Airport, and world-class beaches supports a steady tenant pipeline and future rent growth. With minimal maintenance needs and stable occupants already in place, this property offers reliable cash flow today and tangible upside in one of Florida’s fastest-growing markets (financials available on request; buyer to verify all information).
Financial Considerations
Price:
$430,000
HOA Fee:
N/A
Tax Amount:
$4627
Price per SqFt:
$256.1
Tax Legal Description:
LOT 19 HARRIET SUB
Exterior Features
Lot Size:
9710
Lot Features:
Corner Lot, In County, Level, Near Public Transit, Oversized Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Covered, Driveway
Roof:
Roof Over
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Furnished:
No
Floor:
Ceramic Tile
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1958
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Sliding Doors, Storage
Additional Features 2:
Can be managed as a weekly rental.
Map
  • Address
    993 GARY ST #A & B
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