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Description
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.
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Heating: Central, Electric
Lot Size: 0.14 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $4,879
Year Built: 1949
General Information
Bedrooms: 4
Sqft: 2,020
County: Sarasota
Subdivision: BAYVIEW
Listed By:
Danielle Dietrich, PA
COLDWELL BANKER REALTY
941-366-8070
MLS ID: A4688614
Amenities
Built-in Features
Ceiling Fans(s)
Crown Molding
Eat-in Kitchen
Solid Surface Counters
Solid Wood Cabinets
Window Treatments
Lighting
Private Entrance
Storage
Property Features
Annual Net Income: 75000.00
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Days on Site: 1
Directions: 41 to Siesta on the corner of Siesta and Wisconsin. 2 buildings - 1761 Siesta Dr and 1760 Wisconsin.
Exterior: Block, Concrete
Fireplace: Family Room, Living Room
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Terrazzo, Tile, Vinyl
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
Lot Dimensions: 0.14
Other Equipment: Private Entrance
Ownership: Fee Simple
Parking: Assigned, Common, Driveway, Guest
Parking Notes: Assigned, Common, Driveway, Guest
Patio/Porch: Covered, Front Porch, Patio, Porch, Rear Porch, Side Porch
Pets Allowed: Yes
Pets Restrictions: n/a
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 3
Utilities: Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: RMF2
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1761 Siesta Drive , Sarasota, FL 34239.
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Estimated Payment
$ 4,437.53 per month $3,710.12 Principal & Interest $406.58 Property Tax $320.83 Homeowner's InsuranceChange Payment Information
About this area
About Sarasota
Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.”
Learn More About Living in Sarasota, Florida
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