$405,000
Pending · 230 days on market · MLS# MFRA4660416
| Bedrooms | 5 |
|---|---|
| Living area | 1,746 sq ft |
| Lot size | 0.23 acres |
| Year built | 1972 |
| Property type | Duplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $4,354 |
| County | Sarasota |
Under contract-accepting backup offers. Cash-Flowing Corner Duplex in Venice Gardens-9.0% Cap Rate- Turnkey investment opportunity with strong returns in one of Venice’s most desirable rental pockets. This income-producing duplex in Venice Gardens offers a 9.0% cap rate, no rental restrictions, and long-term tenants already in place, making it a rare low-maintenance cash-flow property in today’s market. The property generates $41,400 in annual gross income, with an estimated net operating income of $39,780 and annual expenses of only $1,620, a high-performing asset built for investors looking for immediate, reliable returns from day one.Built with durable block construction and situated on a corner lot outside the flood zone, this duplex offers both long-term stability and peace of mind. Each unit has separately metered utilities, and recent interior updates help support tenant retention and minimize future maintenance costs. One unit features 3 bedrooms and 1.5 baths, while the second unit offers 2 bedrooms and 1.5 baths, providing strong rental flexibility and upside for future value-add strategies. Whether you're looking to expand your rental portfolio or explore owner-occupancy while building equity, this property checks all the boxes. Income properties like this rarely come available, act fast.
Listing courtesy of Rachel Tritschler, RE/MAX ALLIANCE GROUP. Presented by MC Homes Realty Inc · 727432218.