BEDS4
BATHS
SQUARE FEET2,020
MLS#A4688614
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBAYVIEW
Property 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 Features
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
Amenities
Built-in Features
Ceiling Fans(s)
Crown Molding
Eat-in Kitchen
Solid Surface Counters
Solid Wood Cabinets
Window Treatments
Lighting
Private Entrance
Storage
Feature Descriptions
Annual Net Income: 75000.00
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
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
Listed By / Shown By
Listed By
Agency Name: COLDWELL BANKER REALTY
Agency Contact: 941-366-8070
Shown By
Agency Title: Florida Executive Realty - FRE Commercial
Agency Phone: 813-908-8500
Estimate Your Payment
Estimated Payment
$ 3,175.54 per month $2,448.12 Principal & Interest $406.58 Property Tax $320.83 Homeowner's Insurance
1761 Siesta Drive | MLS# A4688614
This multi-family property located at 1761 Siesta Drive , Sarasota, FL 34239 is currently listed for sale with an asking price of $1,100,000. Search Sarasota real estate on www.fercommercial.com today.