2047 & 2051 FIESTA DR, SARASOTA, FL, 34231
$1,075,000
Residential Income
Bedrooms
8
Bathrooms
8
Living Area
3,172 Sqft
Lot Size
14,500 Sqft
Virtually Staged. Cash flow in paradise! This is a great Sarasota investment opportunity featuring two side-by-side duplexes with four rentable units sold together as one package, tucked on a quiet street just minutes from the sugar sand of Siesta Key and across the way from the newly updated Landings Plaza with its new shops and restaurants. Whether you are growing a portfolio or making your first multifamily move, the expensive work is already done here, leaving a true turnkey asset of solid one-story block construction with tastefully renovated units and updated major systems throughout. Both buildings received brand new roofs in 2024, fully permitted, complete with sealed roof decks and third-nail wind mitigation retrofits, and current wind mitigation reports are in hand that may help qualify for insurance premium reductions. Upgrades since 2023 also include new electrical panels in all four units, full attic ductwork replacement, a new A/C in one unit, cast-iron drain line remediation, and kitchen and bath remodels in select units. Each unit offers 2 bedrooms, a full bath, and a convenient half bath located in the primary bedroom, along with a private entrance, in-unit washer and dryer, wood-look luxury vinyl plank flooring, ceiling fans, generous storage, and its own yard space with off-street parking beneath mature mango and shade trees. With the Landings Plaza at the doorstep, the Gulf Gate corridor, the Legacy Trail, and the beaches all minutes away, year-round rental demand takes care of itself. The duplexes sit on two separate tax parcels but are offered together as a package only and will not be sold individually. Capital improvements summary, wind mitigation reports, and closed roof permits available. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.**
Property Details
Property Features Property Features
MLS ID: MFRA4701436 Year Built: 1974
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer Construction Materials: Block, Stucco
Cooling: Central Air Country: US
County Or Parish: Sarasota Exterior Features: Lighting
Flooring: Carpet, Luxury Vinyl Foundation Details: Slab
Furnished: Unfurnished Heating: Central, Electric
Laundry Features: Inside, Laundry Closet Lease Term: Twelve Months
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Occupant Type: Tenant
Parking Features: Assigned Property Sub Type: Duplex
Property Type: Residential Income Road Surface Type: Paved
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Appointment Only, Call Listing Agent 2, Call Before Showing, Do Not Contact Tenants, Listing Agent Must Accompany, See Remarks Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Sewer, Water Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Available, Water Available
Water Source: Public Window Features: Window Treatments
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