Rental Income Properties For Sale in Sarasota
Listing ID: A4510197
An incredibly rare opportunity like this almost never comes along. Coronas Park is the last gated community on the barrier island Siesta Key, FL. This elite neighborhood is situated less than half a mile from what has consistently been voted the best beach in America over the years, Siesta Key Beach! This community is multifaceted, featuring 5 existing homes built from 2008 – 2015 ranging in size from 2,200sqft – 4,400 sqft, and currently 8 additional buildable lots (total land mass of 94,215 sqft) which will have future water views of the sparkling Gulf of Mexico and downtown Sarasota. With land mass totaling over 3.8 Acres in the community, a community pond, and the exclusive status of being gated yet within walking / riding / golf carting distance to the beach…makes this truly a gem of an investment opportunity to build out the remainder of the community and make a statement on one of the best barrier islands in America. This community is ready for a new owner and will be known as a flagship on Siesta Key for decades to come!
Listing ID: A4501984
Emersed in a lush oasis-like setting, Siesta Key Inn is an enchanting experience of luxurious leisure with an island resort ambiance. The dream vacation lifestyle is a reality with full-service amenities complemented by tranquil tropical views afforded nearly every residence while being mere seconds away from the soft powdery sands of Siesta Beach. Comprised of eight one- and two-bedroom units, impeccable improvements and design aesthetics throughout meet even the highest standards. Each residence includes a full kitchen, quality finishes of Quartzite countertops, soft-close wood cabinetry, Moen and Kohler fixtures, Jacuzzi jetted tubs, upscale crown molding and LED lighting, and an inside washer and dryer to establish a true sense of home. Feel rest assured that Siesta Key Inn has been built to exceed expectation for security and comfort with prestressed concrete walls and floors with whisper mat rubber membranes between the floors, Pex plumbing, multiple tankless water heaters with natural gas and multiple electric water heaters, open-cell foam insulation in the attic, Square D electric panels, Eco-flow water filtration systems, and hurricane impact windows and doors. The property has been thoughtfully designed for you to enjoy opportunities of serene indulgence where you can lounge by the expansive pool boasting therapy jets and waterfall features, a nearby grilling area, gazebo and bike rack. To make your beach adventures all the better, there are beach chairs, umbrellas, towels and coolers to use as well. Explore the sights and attractions of Siesta Village just beyond the beach and journey over the bridge to fall in love with downtown Sarasota.
Listing ID: A4493219
Fantastic income producing property just steps to world famous Siesta Beach. Potential renters have options here with two 2 bed 2 bath units and two 2 bed 1 bath units available. There are two covered parking spots, on site laundry, an eclectic and fun common area and creates tons of income, $424,000 gross from June 202 through June 2021 which is beachfront income without the beachfront price. The location is fantastic with beach access is directly across the street from this property, making it easy for guests to get to an from the beach at any time. Crescent village is just u the street with restaurants, grocery shopping, boutiques as well as fun stuff to do in the sun like boat and jet ski rentals, bike rentals and much more. This property has been very well maintained and is ready for you to start reaping the rewards!
Listing ID: W7838113
Most unique property on Siesta Key. This duplex is not only the coolest one, but it also has some amazing income producing numbers: $360K in the last 12 months and is poised to do more the next 12 months. The extra added value in this duplex is that it is zoned CG (commercially zoned), however, we spent over 18 months to get the Special Exemption to allow nightly rentals. This forever stays with the property. Also, Sarasota County will be voting in October regarding allowing hotels for CG properties. Once that goes though, you could tear down this property at some point and build up to 85' in height hotels/condos. The pictures and numbers speak for itself. Custom local artist riverwood bar table tops, custom Florida artist that has done all murals and will be coming back to finish paiting the entire house in murals (included in asking purchase price). This is completely turn key with all furnishing staying. If the new owners would like, Management would stay on board (for only 12%), maintanence guy and cleaners will also stay.
Listing ID: A4511635
This high-income-producing property on Siesta Key is finally for sale! This duplex is currently being managed by a pristine management company, with numerous five-star guest reviews and three years of rental history. Each unit is comprised of three bedrooms, three baths with a living room/kitchen, and a private laundry room. The property features a heated pool, hot tub, and BBQ area. Perfectly located only minutes away from the world-famous Siesta Key Beach and only steps away from the Siesta Key Village, with all of the best shopping, restaurants, and entertainment. This is a must-see property! Schedule your private showing today!
Listing ID: A4510365
Located just steps from world-famous Siesta Key Beach, residences A, and B at 445 Beach Road present a stunning opportunity for year-round living, a seasonal getaway, or income property. Each side features its own separate entrance, with over 2,050 sq. ft, three bedrooms, three baths, a private elevator, and a coveted three-car garage. Both units have access to a shared heated pool, an open-air deck, and a glimpse of the glistening Gulf of Mexico. Currently serving as rental properties, the turnkey furnished residences each accommodate nine people. The option to offer weekly rentals adds yet further flexibility. Spend your days soaking up the sun on powder-soft sands, before enjoying an evening stroll to Siesta Key Village or cruising across the North Bridge to the vibrant heart of downtown Sarasota.
Listing ID: A4491732
This proven high producing income property is finally for sale! This quadplex is perfectly located in the heart of Siesta Village making it a highly coveted spot for renters. It is a few steps to all the best shopping, restaurants, and entertainment. Only 1 1/2 blocks from Crescent Beach and only minutes to the world-famous Siesta Key Beach! It has been recently renovated and meticulously maintained. It is comprised of four separate units, making it one of the few rentals on Siesta Key that is able to accommodate big parties. It has two, three-bedroom, two-and-a-half-bath units and two, one-bedroom one-bath units. The one-bedroom units are approximately 600 square feet with a full kitchen and feature a beautiful view of the pool from the bedroom. The three-bedroom two-and-a-half-bath units spread out over two levels and have more than 1900 square feet of living space and feature a marble fireplace. The backyard has tropical landscaping with a heated pool, gas grill, and patio. Don't miss out on this amazing investment opportunity.
Listing ID: A4510415
This triplex on Siesta Key is finally for sale! The ground floor is comprised of two 700Sqft - 1bed, 1 bath units, and the second floor is exclusively reserved for the 1,400Sft - 2bed, 2bath unit. The building has been fully remodeled with an upscale coastal theme, enjoyed by vacationers. Each unit has a private patio with an outdoor dining table, chaise lounge, and a gas bbq grill. There is a washer and dryer at the rear of the building for guest use. The larger unit features a balcony and a washer and dryer within the unit. This meticulously maintained high-income-producing property is ready for new ownership. Purchasing this property provides the buyer with many future reservations and plenty of return guests. The current owners have an impeccable reputation within the community. That along with its prime location makes it highly sought after for renters It is a very short 3-minute walk(1 block)to the beautiful, world-famous Siesta Key Beach and 4 blocks to Siesta Key Village with the best dining, shopping, and entertainment. Opportunities like this don't come around often, schedule your private showing today, while it lasts!
Listing ID: A4501203
This is a rare opportunity to own this very unique property on Lido Key. Lido Beach and the Lido Pool Pavilion are one block away, and a short walk takes you to world famous St. Armands’ Circle with its fine restaurants and boutiques. It is an unusual set up for the following reasons. There are 2 different options with this property: 1) It can be a single family living with 4 bedrooms and 4 bathroom, all 4 bedrooms and 4 bathrooms are connected to one another with two custom kitchens; 2) Use it as two 2-bedrooms 2-bathrooms units with 2 separated entrances. An opportunity to rent one out and live in the other. Occasionally, it has been rented out as 4 bedrooms and 4 bathrooms. It is managed by TurnKey Management and is exceeding revenue expectations. The property went through a major gut renovation lasting for more than a year. it is as good as a brand new. New mini-split A/C, plumbing, new electric Panel, new hot water heater, new deck and patio. There are two recreation or game rooms on the ground floor, one for each of the 2 units. ( Please see description under the pictures) The attached garage is also separated into two, with one garage for each of the units. Custom gourmet kitchens with stainless steel appliances. Brand new W/D in both units. Enclosed private fenced patio with hot tub, gas grills & beautiful landscaping. Security System. HAVE IT ALL WITH THE BRAND NEW FURNISHINGS. The owner is a lic. Real Estate Agent.
Listing ID: A4507885
Take advantage of this incredible and unique investment opportunity. Three adjacent duplexes are located just minutes from some of the best public schools in Sarasota. Both units in two of the duplexes are currently rented with the potential for increased rent. Third duplex being updated with potential rent per unit of $1,500 or greater. Fencing surrounds all three yards creating one amazing backyard for all units. Each unit has either a private garage or a carport (or screened-in carport) as well as additional parking. Neighborhood in transition with new-build estate properties as well as traditional single-family homes. Great investor opportunity, live in one and rent the others out or create a unique, multigenerational situation. Lots of options here, particularly with the hot rental market. Price may increase as improvements are made.
Listing ID: O5906478
Siesta Key duplex directly across the street from "Siesta Beach" named best beach in the U.S. by TripAdvisor. This is the last Condo Duplex lot on Beach road with a certified construction approval. This area has a great rental history, and it is in demand year round. Over the past few years older homes have given way to large upscale luxury homes and rentals. The new owner will have a choice to build a new 35' single family or duplex with ground floor parking , divide the current duplex into a condominium, or keep the current configuration with great rental history. The front unit is a 2 bd/ 2b, the rear unit is 1 bd with 1 1/2 bath , pool, garage and loft bedroom. The house is not listed with a real estate agent. The duplex was established before November 1975 and the lot is greater than 7260 square feet.
Listing ID: A4511123
Desirable apartment building with huge upside potential. Extensive new multifamily construction is happening nearby, and the property is zoned RMF-3. Current loss-to-lease is $1,475/month and there is the ability to further increase revenue with modest renovations. Cap rate with existing leases pushed to market is 6%, higher with any renovations. Two units have been turned within the last 18 months with new paint and flooring. There are two central HVAC units and two mini-split systems, and there is coin-operated laundry on-site. HVACs, windows, and roofs are relatively new. The lot has lush low-maintenance landscaping with inviting common areas. Walk to restaurants, night life, and grocery stores. One block to bay front water. Sarasota-Bradenton International Airport is a 10 minute drive, 3.9 miles.
Listing ID: A4512542
Four-unit investment opportunity, less than two miles to Siesta Key Beach and walking distance to Gulf Gate’s restaurants and shopping. Cement-block construction with a newer roof and central air conditioning, all two-bedroom, one-bath apartments on the ground level with plenty of parking space (three spaces are covered). Two units were remodeled in 2020, and the other two were remodeled in 2005-2006. Always rented. Great upside potential.
Listing ID: A4507822
4-plex in Gulf Gate Manor within minutes of World Famous Siesta Key Beach! Solid built, masonry construction. All units are 2 bedroom, 1 bath. 2 have enclosed patios and 2 have screened lanais. Community, coin operated washer/dryer room located at the end of the 4-car carport. Spacious lot is 12,200 sf. Two of the units are under renovation with all windows replaced with hurricane impact windows. These two units are in various stages of renovation. The other two units are occupied with month-to-month tenants. Sarasota Pavilion Shopping Plaza is nearby with Publix, Michael's (craft store), Bed Bath & Beyond and several restaurants.
Listing ID: A4509553
Endless possibilitiies with this special property in highly desireable location near downtown. Utilize this existing duplex as an investment property with a lot of upside in the increasingly popular Gillespied park area near downtown. Or you ca sibdivide the lot into 2 properties and build gorgeous modern homes for resale or a home with a gust house. The exterior of the house is surrounded by mature lush tropical landscaping. The property is located in the heart of the 10 acre Gillespie Park. The neighborhood has no rules, major rental restrictions, or HOA fees. Unmatched location and amenities and undoubtedly the best value in the neighborhood just seconds from downtown Sarasota proper, restaurants, shopping, theaters, and the Bay front. Walking distance to the Rosemary district and the historic Gillespie park which features a statue gallery of patriots, 3 tennis courts, an off leash canine park, fitness trail/fitness areas, duck pond and super safe with a police sub-station right down the street. The property Is located in the DTE zone. The Downtown Edge (DTE) district is a densely mixed-use area. Residential dwellings may be single-family or multiple-family and may include mixed-use structures that provide for live-work opportunities. Residential dwellings may be built to a maximum density of 25 dwelling units per acre. A few vacant lots nearby have sold for $430k+ each in the last year. Take advantage of this wonderful investment opportunity while it lasts!Main lot measures 100 feet by 100 feet.
Listing ID: A4507031
MULTI FAMILY HANDYMAN SPECIAL!!! Hurry to view this income-producing triplex with tremendous upside potential and multiple different rental strategies. Each is 1bed/1ba, on-site laundry, units are individually metered for electricity and one meter for water. Located in the highly desirable Laurel Park area. Just minutes away from downtown Sarasota and Marina Jacks! Seller owns other properties and is open to a package or bulk deal for the right investor. Professional management in place that can be retained if needed. Showing by appointment only.
Listing ID: A4505956
This is the One! *Great opportunity to own a fully remodeled duplex within biking distance to Siesta Key!*King sized backyard*Tile throughout*Newer metal Roof*Each side is 1bed/1bath*Live in one side & rent out the other or buy as an investment property to start collecting residual income*Owner is currently living in one side*Each side should rent for $1400 per month*
Listing ID: A4497335
Great Duplex! Don't miss this rare opportunity! Well maintained at a great location! Open floor plan, with screened in lanai and huge backyard! Each back yard is fenced. NO DEED RESTRICTIONS.NO HOA FEES. #4501 monthly rent: $1,450. #4503 monthly rent: $1,250. Each unit 2 bedrooms, 2 full bathrooms. Each unit 1,131sf with screened in lanai and huge fenced back yard.
Listing ID: A4500563
2 separate buildings! Short term rentals permitted! SO MUCH potential here! Renovated 2 bedroom 1 bathroom cottage with hardwood floors and separate 1 bedroom 1 bath block home which features terrazzo floors. Both homes have separate laundry facilities and separate utilities. A short bike ride to Siesta Key Beach!
Listing ID: A4510284
Investor alert!...a rare daily rental is available in the heart of the south village and you'll love the price. It's a 1 bdrm with 2, yes two full baths. With brand new central air and brand new upgrade electric, this nicely appointed Key West style interior has brought renters over 322 days a year, grossing over 50k with 30k in future bookings. This property has private deeded Crescent Beach access as well as access to a heated salt water pool. With as short as one day rentals, bookings are solid year round. And with low HOA fees, you'll be left with a nice net. The unit has parking, a private patio and is completely furnished turn-key that will be generating money on day one. If you want to add a unit to your portfolio or purchase your first income producing property, this one will surely please you. Perfect for the owner operator! Located across the street from all the restaurants, bars and stores in the south village.
Listing ID: A4500322
Seller wants it sold !! Welcome to the nicest Duplex on cass st. Each unit has 2/1 Bed /Bath, large Master bedroom, laundry room with washer and dryer. The owner made many improvements to the Duplex - Newer roof, newer Central Ac on each unit, New septic system, tile flooring throughout, oversized fenced back yard on each side. Concrete Block and frame. Centrally located, Near coral cove, minutes from the famous Siesta key beach, Shopping, Dining, Great school district. close to the bus line. Both units are occupied by tenants.
Listing ID: A4508582
This property is conveniently located several blocks from downtown Sarasota on a quiet street with no through traffic. Easy access to public transportation 2 blocks away and a public Park is also 2 blocks away. One unit is a 3 bedroom, 1 bath and the other a 2 bedroom, 1 bath. Kitchens and baths remodeled in both units. Both tenants have been in place for 2 years and anticipated to remain in place. There is a carport on one side and a large storage room on the other. Currently the lowest prices duplex on the market in the area. Great cash flow for an investor. Don't miss this opportunity as there is a limited duplex market in this area.
Listing ID: A4509594
Perfectly adorable and beautifully maintained duplex unit. Two-one bedroom, one bathroom units with vaulted ceilings. Located in the Ringling College of Art and Design district. This property is accessible to the University of South Florida and New College also and makes it perfect for those interested in being near the universities. It can also be used for seasonal or vacation rentals once furnished. The roof was replaced in 2017 and a new privacy fence was installed in 2017. New exterior motion lights, and smoke alarms. Front Unit: New kitchen 2017 and updated bath. Granite counter tops, breakfast bar, stainless appliances, dishwasher, garbage disposal, refrigerator and range. 2 brand new wall units in the front unit. Walk-in closet and en-suite bath, plus a screened in cozy porch! 1 parking spot with unit F in the front shell space on left side of property. Rear Unit: Updated 1 bedroom Granite counter tops, breakfast bar, stainless appliances, dishwasher, garbage disposal, refrigerator and range. Walk-in closet and en-suite bath. This unit has central A/C. Parking and drive on eastside of property and private yard. $1,000 / mo. rent per unit: rent includes water, pest control and lawn care
Listing ID: A4510155
Legal income producing duplex. Old Florida style living with cypress wood paneling. Currently occupied with tenants on both sides this duplex boasts a fantastic location just off US 41, and less than 2 miles to Siesta Key. Each side offers spacious living with recent updates including 2 new air conditioning units, 2 new water heaters and new carpet in one of the bedrooms. Central Sewer & Water and 2 separate electrical panels; one for each side of the duplex. The roof is approx 20 years old, so this duplex is ideal for a cash investor looking to do some TLC yet still receive instant income. Fenced yard to the rear and a separate 1 car garage/storage unit allows you to store your tools onsite too! Feel free to drive by but do not go on the property, or disturb the tenants without an appointment, please. Cash buyer only.
Listing ID: A4492332
Price just reduced to sell quickly. Great investment opportunity. This duplex is concrete block and has two long term tenants in place both on HUD. Current tenants are messy, but not damaging the home. In good condition with no major repairs to the property anticipated. Current local, professional management in place if needed. At this price this won' last long. The property is grossing $1,800/month currently. The duplex netted $14,500.00 with professional management in place.
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