Active

$1,399,000

Features:
  • 6 Bedrooms
  • 5 Bathrooms
  • 2961 sq ft
Overview
  • ID: MFRA4680244
  • Bedrooms: 6
  • Bathrooms: 5
  • Size: 2961 sq ft
Property Details
Remarks
Welcome to Old World Siesta Key...this 1940s Bungalow Home was converted approx 40 years ago into a Triplex and then 20ish years ago a Cottage was added at the rear of the property. Siesta Key is World Renown for it's White Powdery Sand Beaches and is so convenient to the Mainland and all the Attractions Sarasota has to offer such as the Arts, St Armands and Unbelievable Shopping. The Property is located approximately three blocks behind Siesta Key Village, the Hub of Restaurants, Nightlife, and Shops, and there you will find this Graceful Triplex and Cottage. There are several Private Patios as well as Open Areas for Outdoor Entertainment and Relaxation both in the Front and Rear of the Triplex. There are Storage Units for Each Rental and there is a Shared Laundry Area in the middle of the Backyard. Convenience is really key for this Property as you can Walk to the Beach or the Village in 15 Minutes. Island Life is Unique, Exciting, Colorful but can also be Quiet and Slow, it's the perspective of the Offering and it's a sought after way of living. For the past 20 years the units have bee long term rentals. Some of the tenants have been there for years and all four would like to stay and live this Florida Coast Lifestyle. Rents shown are the Expected rents that could be charged as the Owner currently charges less... just his way of doing business. There is one option that could change the dynamics and that would be to keep the Triplex as long term rentals and use the rear Cottage as an AirBNB and Owners Use unit. This would drastically change the income stream. The water and internet/cable is currently paid for by the Owner and the Electric is split between the Tenants based on unit size, of course all of this is subject to change based on the New Owner's intentions. This is an Amazing Opportunity to have both Income and Personal Enjoyment all wrapped up with a Special Place we call Siesta Key Living!
Financial Considerations
Price:
$1,399,000
HOA Fee:
N/A
Tax Amount:
$8282.89
Price per SqFt:
$472.48
Tax Legal Description:
LOT 6 BLK 9 SARASOTA BEACH
Exterior Features
Lot Size:
6566
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
5
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1948
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Outbuildings, Courtyard, Fence, Other
Additional Features 2:
N/A
Map
  • Address
    618 AVENIDA DE MAYO
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