Active

$2,480,000

Features:
  • 10 Bedrooms
  • 8 Bathrooms
  • 4435 sq ft
Overview
  • ID: MFRN6139645
  • Bedrooms: 10
  • Bathrooms: 8
  • Size: 4435 sq ft
Property Details
Remarks
Exceptional 6-Unit Income Property – Prime Location Near Siesta Key! 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); 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! 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.
Financial Considerations
Price:
$2,480,000
HOA Fee:
N/A
Tax Amount:
$9328
Price per SqFt:
$559.19
Tax Legal Description:
LOT 25 BLK B BAYVIEW and LOT 26 BLK B BAYVIEW
Exterior Features
Lot Size:
12733
Lot Features:
In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned, Common
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
10
Bathrooms:
8
Heating:
Central, Electric
Cooling:
Central Air, Ductless, Wall/Window Unit(s)
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
No
Floor:
Terrazzo, Tile, Vinyl
Levels:
One
Additional Features
Property Sub Type:
Multi Family
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, Storage
Additional Features 2:
see county website for any restrictions & regulations on rental guidelines. Not in city limits!!
Map
  • Address
    1761 SIESTA DR
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