4 Beds
3 Baths
1,817 SqFt
4 Beds
3 Baths
1,817 SqFt
Key Details
Property Type Multi-Family, Duplex
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,817 sqft
Price per Sqft $242
Subdivision Lake Sarasota
MLS Listing ID A4710204
Bedrooms 4
HOA Y/N No
Year Built 1974
Annual Tax Amount $4,652
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Looking for an income-producing property in Sarasota? This recently updated duplex offers an attractive opportunity for investors seeking rental income, long-term appreciation potential, and a valuable addition to their real estate portfolio. Offered at $440,000 and generating $42,000 annually in gross rental income, this property offers a 9.55% gross rental yield at the asking price!
One of the standout features for investors is that EACH UNIT HAS SEPARATE WATER AND ELECTRIC METERS, AND TENANTS PAY THEIR OWN UTILITIES! This arrangement helps control operating expenses and simplifies property management, allowing investors to retain more of the rental income.
Both units have been recently updated, minimizing the need for immediate improvements. A NEW WHITE VINYL FENCE adds privacy and enhances the property's appearance. Please note that the new fence is not reflected in the current listing photographs.
LOCATION MATTERS! Conveniently located along a bus route and close to I-75, this property offers easy access to transportation, shopping, employment centers, and all that Sarasota has to offer—an appealing feature for prospective tenants.
For investors seeking an income-producing property, this duplex offers $3,500 in monthly gross rental income, separately metered utilities, tenant-paid utility expenses, and recent improvements.
But the possibilities extend beyond traditional rental investing! This property also offers an excellent HOUSE-HACKING OPPORTUNITY—live in one unit while renting the other to help offset your mortgage payment and build equity.
MULTIGENERATIONAL LIVING IS ANOTHER GREAT OPTION! With two separate residences under one ownership, extended family members can enjoy living close to one another while maintaining their own private living spaces. It's an ideal arrangement for families who want to stay connected while preserving independence and privacy.
Whether you're expanding your investment portfolio, purchasing your first rental property, exploring multigenerational living, or looking for a home that can help pay for itself, this versatile Sarasota duplex offers flexibility and opportunity. Owner-occupancy options are subject to existing lease terms.
TWO UNITS. SEPARATE UTILITIES. RECENT UPDATES. MULTIPLE POSSIBILITIES. Schedule your showing today!
Location
State FL
County Sarasota
Community Lake Sarasota
Area 34241 - Sarasota
Zoning RMF1
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen
Heating Central
Cooling Central Air
Flooring Tile
Furnishings Unfurnished
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Laundry Inside
Exterior
Exterior Feature Fence
Community Features None
Utilities Available Cable Available, Electricity Connected, Phone Available, Public, Water - Multiple Meters
View Y/N No
Water Access No
Roof Type Shingle
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 Frame
New Construction false
Schools
Elementary Schools Lakeview Elementary
Middle Schools Sarasota Middle
High Schools Sarasota High
Others
Pets Allowed Yes
Senior Community No
Pet Size Extra Large (101+ Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "