$420,000
Pending · 66 days on market · MLS# MFRA4660433
| Bedrooms | 4 |
|---|---|
| Living area | 1,566 sq ft |
| Lot size | 0.2 acres |
| Year built | 1973 |
| Property type | Duplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $4,159 |
| County | Sarasota |
Under contract-accepting backup offers. Renovated Duplex in Venice Gardens | 8.7% Cap Rate | No Flood Zone | Portfolio Deal Available Put your money to work—skip the volatility of the stock market and invest in a stable, cash-flowing duplex in a high-demand location. 552 Briarwood Rd offers a strong 9.3% cap rate, no rental restrictions, and long-term tenants already in place, making it a prime opportunity for both investors and owner-occupants. This property features two 2-bedroom, 1.5 bathroom units. One side has been completely gut renovated, while the other has been thoughtfully modernized with new paint, lighting, fixtures, and luxury vinyl flooring—a perfect blend of turnkey income and long-term durability. Each unit is individually metered for water and electric. Generating $40,200 in annual gross income, this property nets $38,580 after minimal annual expenses of just $1,620. Block construction, central utilities, and a prime location close to beaches, shopping, and schools round out the offering. There are very few income properties like this that become available—especially ones this clean, updated, and already producing. Currently, four of these duplexes on Briarwood Rd are available and can be packaged together as a portfolio deal—ideal for investors looking to scale fast. Call to inquiry on purchasing portfolio deal of 460, 528, 544 and 552 Briarwood Road. Don’t miss your chance to lock in reliable rental income from day one.
Listing courtesy of Rachel Tritschler, RE/MAX ALLIANCE GROUP. Presented by MC Homes Realty Inc · 727432218.