Attention investors! This 7% cap rate duplex is already nicely remodeled with all of the major mechanicals updated within the last few years and is now fully occupied with solid annual tenants. Flood insurance is not required and the home had no flooding or damage during any of the storms this year. New roof in 2021, the AC unit was replaced in 2021 in the upstairs unit and 2018 in the bottom unit. The house was re-plumbed in 2019 with all PEX and PVC and new sewer lines. The upstairs unit has all new appliances, kitchen cabinets and countertops. Both units have new vinyl flooring and updated kitchens and bathrooms. The units are individually metered. Both units are rented at $1,800/mo. to excellent tenants and and tenants pay all utilities. The downstairs unit is being sold turnkey furnished. In the past, that unit has also been used for short term rentals. The location is excellent - near public transport and only 2 miles to downtown Sarasota and 3 miles to Bayfront Park. It is also very close to the Legacy Trail access point. The property is fully fenced and the backyard is nicely shaded with a large covered storage shed. There is parking space for up to 5 vehicles.
Source: Stellar MLS
MLS#: A4628893
Additional Rooms:
Appliances: Washer,
Building Area Units: Square Feet
Building Elevator: False
Cooling Type: Central Air,
Fireplace: Non Wood Burning,
Floor Number:
Flooring: Luxury Vinyl,
Heating Type: Space Heater,
Stories Total:
Interior Features: Thermostat,
Laundry Features: Outside,
Levels: Two,
Living Area SQ ft: 1632
Living Area Meters: 151.62
Living Area Source: Public Records
Living Area Units: Square Feet
Room Count:
Spa: 0
Spa Features: In Ground,
Architectural Style: Florida,
Attached Garage:
Carport: 0
Construction Materials:
Exterior Features: Storage,
Foundation Details: Pillar/Post/Pier,
Garage: 0
Garage Spaces:
Homestead: False
Lot Features: Paved,
Lot Size Dimensions: 50x121
Lot Size SqFt: 6065
Lot Size Square Meters: 563
Other Structures: Storage,
Parking Features: Open,
Pool Private: 0
Property Condition: Completed,
Property Description:
Road Surface Type: Paved,
Roof: Shingle,
Sewer: Public Sewer,
Total Acreage: 0 to less than 1/4
Utilities: Water Connected,
View Type: Trees/Woods,
Water Access: False
Water Extras: False
Water Source: Public,
Water View: False
Water View Type:
Waterfront: Intracoastal Waterway,
Window Features: Blinds,
Additional Lease Restrictions: Buyer to verify any and all lease restrictions with the county.
Association Fee Includes: Water,
Association Fee Requirement:
Available For Lease: True
List Price By Calculated SqFt: 306.37
Condo Fees:
Condo Fees Term:
Condo Land Included:
Current Price: $499,999
Disclosures: Seller Property Disclosure,
Existing Lease Tenant:
Lease Restrictions: Buyer to verify any and all lease restrictions with the county.
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Data last updated on Monday, March 03, 2025 08:01:13 PM.