1132 CRESCENT ST, SARASOTA, FL, 34242
$1,299,900
Residential Income
|
Living Area
1,174 Sqft
|
Lot Size
8,722 Sqft
|
Exceptional investment opportunity in a prime location! Just steps away from the iconic Siesta Key Beach, this property is zoned for residential multi-family use and offers excellent short-term rental potential with a 7-day minimum. Imagine building a brand-new, high-earning duplex to generate steady income all year. County approval is already secured for a new duplex, and the current structure is set up as a duplex house with separate electrical panels and two private lanais. The property sustained significant flood damage from the recent hurricanes, resulting in the removal of all kitchen appliances. It currently requires extensive repairs, or you have the option to start fresh with a complete rebuild.
The oversized pool adds fantastic appeal and convenience, complete with a recently installed motor, and the fully fenced backyard offers a private oasis for relaxation. With two generous driveways that fit up to 10 cars, plus a paved backyard perfect for gatherings and entertainment, this property is designed for relaxation. The property is in walking distance from the beach. Siesta Key enjoys a strong vacation rental market as the top-rated beach in the U.S., investment properties are in high demand. Vacationers enjoy the free Siesta Key Breeze Trolley that stops just next door and offers transportation to the Village.
This is the most competitively priced multi-family property on the Key—don’t let this incredible opportunity pass by!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4628096 | Year Built: | 1956 | |
| Construction Materials: | Block | Cooling: | Central Air | |
| Country: | US | Disclosures: | Lead Paint, Seller Property Disclosure | |
| Exterior Features: | Irrigation System | Flooring: | Terrazzo, Travertine | |
| Foundation Details: | Slab | Heating: | Central, Wall Units / Window Unit | |
| Laundry Features: | Inside | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash | |
| Lot Features: | FloodZone, City Limits, Near Public Transit, Paved | Occupant Type: | Vacant | |
| Parking Features: | Driveway | Patio And Porch Features: | Covered, Front Porch, Patio, Porch, Screened | |
| Pets Allowed: | Yes | Pool Features: | Gunite, In Ground | |
| Property Condition: | Fixer | Property Sub Type: | Duplex | |
| Property Type: | Residential Income | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Asphalt | Roof: | Membrane, Other | |
| Sewer: | Public Sewer | Showing Requirements: | Go Direct, Lock Box Coded, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fire Hydrant, Public, Sewer Connected | |
| View: | Pool | Water Source: | Public | |
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