1761 SIESTA DR, SARASOTA, FL, 34239
$1,100,000
Residential Income
|
Bedrooms
4
|
Bathrooms
4
|
Living Area
2,020 Sqft
|
Lot Size
6,347 Sqft
|
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 Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4688614 | Year Built: | 1949 | |
| Appliances: | Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer | Construction Materials: | Block, Concrete | |
| Cooling: | Central Air, Mini-Split Unit(s), Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Sarasota | Exterior Features: | Lighting, Private Entrance, Storage | |
| Financial Data Source: | Accountant, Owner | Fireplace Features: | Family Room, Living Room | |
| Flooring: | Terrazzo, Tile, Vinyl | Foundation Details: | Slab | |
| Furnished: | Unfurnished | Heating: | Central, Electric | |
| Laundry Features: | Common Area, Electric Dryer Hookup, Laundry Closet, Outside, Washer Hookup | Lease Term: | Twelve Months | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Lot Features: | In County, Landscaped, Near Public Transit, Private, Street One Way, Paved | |
| Occupant Type: | Tenant | Other Equipment: | Private Entrance | |
| Parking Features: | Assigned, Common, Driveway, Guest | Patio And Porch Features: | Covered, Front Porch, Patio, Porch, Rear Porch, Side Porch | |
| Pets Allowed: | Yes | Property Sub Type: | Triplex | |
| Property Type: | Residential Income | Road Surface Type: | Asphalt, Paved | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Tenant Pays: | Electricity, Water | Utilities: | Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected | |
| Water Source: | Public | Window Features: | Blinds | |
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