993 GARY ST #A & B, SARASOTA, FL, 34234
$430,000
Residential Income
|
Bedrooms
4
|
Bathrooms
2
|
Living Area
1,679 Sqft
|
Lot Size
9,710 Sqft
|
Fully leased duplex delivering a 7.51 % current cap rate (8.5 % pro-forma), located within the Sarasota city limits, in flood zone X (no flood insurance required) and featuring major systems replaced within the past seven years—roof, dual HVACs, and water heaters. Directly across from the revitalized North Water Tower Park, each 2 BR / 1 BA unit showcases timeless terrazzo floors, an open living layout, private laundry, a screened lanai, and a covered carport with locked storage. Separate utilities and block construction keep operating costs low, while proximity to downtown Sarasota, Bradenton, Lakewood Ranch, Ringling College, New College, SRQ Airport, and world-class beaches supports a steady tenant pipeline and future rent growth. With minimal maintenance needs and stable occupants already in place, this property offers reliable cash flow today and tangible upside in one of Florida’s fastest-growing markets (financials available on request; buyer to verify all information).
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4646451 | Year Built: | 1958 | |
| Appliances: | Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer | Community Features: | Park, Street Lights | |
| Construction Materials: | Block | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Sarasota | |
| Exterior Features: | Fence, Sliding Doors, Storage | Flooring: | Ceramic Tile | |
| Foundation Details: | Slab | Heating: | Central | |
| Laundry Features: | In Garage, Laundry Room, Outside | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, VA Loan | |
| Lot Features: | Corner Lot, In County, Level, Near Public Transit, Oversized Lot | Other Structures: | Storage | |
| Parking Features: | Covered, Driveway | Patio And Porch Features: | Enclosed, Patio, Rear Porch, Screened | |
| Property Sub Type: | Duplex | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt | Roof: | Roof Over | |
| Sewer: | Public Sewer | Showing Requirements: | Supra Lock Box, 24 Hour Notice | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available, Public, Water Available | |
| View: | Park/Greenbelt | Water Source: | Public | |
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