UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,566 sqft
Price per Sqft $261
Subdivision Venice Gardens
MLS Listing ID A4660407
Bedrooms 4
HOA Y/N No
Year Built 1972
Annual Tax Amount $3,894
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 76x110
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Looking for a smart place to park your money? Skip the stock market and invest in a steady income stream with this fully occupied 2-unit duplex in sought-after Venice Gardens—offering a strong 8.9% cap rate and no rental restrictions.
Each side features 2 bedrooms and 1.5 bathrooms, with secure, long-term tenants already in place. Recent upgrades include a new roof, updated flooring, fresh paint, and modern vanities and fixtures—making this a low-maintenance addition to your portfolio.
The property generates $40,800 in annual gross income with minimal expenses of just $1,620, delivering a net operating income of $39,180. Utilities are individually metered for tenant accountability, and best of all, the property is not located in a flood zone.
Block construction, public utilities, and a central location near beaches, shopping, and schools make this a dependable and desirable investment. Whether you're expanding your portfolio or planning to live in one side and rent the other, this duplex delivers reliable returns and long-term value.
Currently, four of these duplexes on Briarwood Rd are available and can be packaged together as a portfolio deal—ideal for investors looking to scale fast. Call to inquiry on purchasing portfolio deal of 460, 528, 544 and 552 Briarwood Road.
Opportunities like this don't hit the market often—act now!
Location
State FL
County Sarasota
Community Venice Gardens
Area 34293 - Venice
Zoning RMF1
Interior
Interior Features Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Appliance Range, Refrigerator
Laundry Corridor Access, Inside
Exterior
Exterior Feature Private Mailbox
Community Features Street Lights
Utilities Available BB/HS Internet Available, Electricity Connected, Public, Sewer Connected
View Trees/Woods
Roof Type Shingle
Porch Covered, Rear Porch, Screened
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Schools
Elementary Schools Garden Elementary
Middle Schools Venice Area Middle
High Schools Venice Senior High
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4660407
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