UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,020 sqft
Price per Sqft $544
Subdivision Bayview
MLS Listing ID A4688614
Bedrooms 4
HOA Y/N No
Year Built 1949
Annual Tax Amount $4,879
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Triplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Sarasota
Community Bayview
Area 34239 - Sarasota/Pinecraft
Zoning RMF2
Interior
Interior Features Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
Heating Central, Electric
Cooling Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Flooring Terrazzo, Tile, Vinyl
Fireplaces Type Family Room, Living Room
Furnishings Unfurnished
Fireplace true
Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry Common Area, Electric Dryer Hookup, Laundry Closet, Outside, Washer Hookup
Exterior
Exterior Feature Lighting, Private Entrance, Storage
Parking Features Assigned, Common, Driveway, Guest
Utilities Available Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected
Roof Type Shingle
Porch Covered, Front Porch, Patio, Porch, Rear Porch, Side Porch
Garage false
Private Pool No
Building
Lot Description In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
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
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4688614
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