Active

$1,100,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 2020 sq ft
Overview
  • ID: MFRA4688614
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 2020 sq ft
Property Details
Remarks
Siesta Key Triplex – High-Yield, Weekly Rental Zoned Investment! Concrete triplex in city limits featuring one 2BR/2BA and two 1BR/1BA units with long-term tenants in place...immediate cash flow from day one. Proven income of $65K–$85K annually with low overhead expenses (taxes, insurance, landscaping only). Tenants pay all utilities with separate electric & water meters for each unit. Weekly rental zoning in city limits is a major upside for short-term income potential. Ideal for investors looking to significantly increase returns or house-hack by living in one unit and renting the others. Recent upgrades include new A/C systems, water heaters, appliances, security cameras, exterior lighting, and tropical landscaping. Solid concrete construction in Evacuation Zone D and NO flood insurance is required. Prime location just minutes to Siesta Key Beach, walking distance to dining, shopping, and essentials. Quick access on/off the key only 2 blocks to North Bridge. Value-add opportunity: Purchase adjacent property at 1760 Wisconsin Lane to scale to a 7+ unit portfolio with potential six-figure+ income. Why buy just one when you can buy both! Strong in-place income makes this a rare Siesta Key investment. Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.
Financial Considerations
Price:
$1,100,000
HOA Fee:
N/A
Tax Amount:
$4879.92
Price per SqFt:
$544.55
Tax Legal Description:
LOT 25 BLK B BAYVIEW
Exterior Features
Lot Size:
6347
Lot Features:
In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned, Common, Driveway, Guest
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Central, Electric
Cooling:
Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Appliances:
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Terrazzo, Tile, Vinyl
Levels:
One
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1949
Construction Type:
Block, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Lighting, Private Entrance, Storage
Additional Features 2:
city limits of siesta. 7-day minimum; airbnb and other short-term rentals ALLOWED
Map
  • Address
    1761 SIESTA DR
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