$430,000
Pending · 56 days on market · MLS# MFRA4646451
| Bedrooms | 4 |
|---|---|
| Living area | 1,679 sq ft |
| Lot size | 0.22 acres |
| Year built | 1958 |
| Property type | Duplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $4,627 |
| County | Sarasota |
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).
Listing courtesy of Justin Buffaloe, AMY ROBINSON REAL ESTATE LLC. Presented by MC Homes Realty Inc · 727432218.