1761 SIESTA DR & 1760 WISCONSIN LN, SARASOTA, FL, 34239
$2,400,000
Residential Income
|
Bedrooms
10
|
Bathrooms
8
|
Living Area
4,435 Sqft
|
Lot Size
12,733 Sqft
|
7 Rentable Units | 10 Bed, 8 Bath Income Property – Prime Siesta Key Location!
Exceptional opportunity to own a fully leased multifamily property just minutes from world-famous Siesta Key Beach. Located on Siesta Drive—the gateway to Siesta Key—this offering includes two adjacent triplexes on two separate lots, with potential to expand to 8 units. The property features a versatile mix of 1BR, 2BR, 3BR, and studio layouts, ideal for maximizing rental income.
Zoned for weekly rentals (7-day minimum) within city limits, this property offers strong income potential with a blend of long-term tenants and proven short-term rental performance (Airbnb 5-star host/seasonal).
Recent upgrades include newer roofs (2016–2017), new siding, updated A/C units, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting/cameras. Professionally landscaped grounds enhance curb appeal. On-site laundry with the ability to add laundry to every unit. Tenants pay utilities with 7 separate water and electric meters.
Situated just blocks from the North Bridge and within walking distance to shopping, dining, and everyday conveniences. Located in an X flood zone – NO flood insurance required, and Level D evacuation zone. Ample parking for up to 17 vehicles, plus space for boats, kayaks, and recreational toys.
Buy one or both – must be sold simultaneously:
1761 Siesta Dr & 1760 Wisconsin Ln – a rare high-income investment package on Siesta Key.
Strong financials: ~5.19% cap rate, under $20K in annual expenses, and projected income of $175K+ with upside potential.
Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4688714 | Year Built: | 1949 | |
| Appliances: | Dishwasher, Disposal, 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: | Fence, Lighting, Private Entrance, Private Mailbox, Private Yard, RV Hookup, Storage | |
| Financial Data Source: | Accountant, Owner | Fireplace Features: | Family Room, Living Room | |
| Flooring: | Terrazzo, Tile, Vinyl | Foundation Details: | Block, Concrete Perimeter, Slab | |
| 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, Private Yard, RV Hookup | Parking Features: | Assigned, Boat, Common, Off Street, RV Access/Parking | |
| 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 | Utilities: | Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected | |
| Water Source: | Public | Window Features: | Blinds | |
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