$335,000
Pending · 17 days on market · MLS# MFRD6146602
| Bedrooms | 4 |
|---|---|
| Living area | 1,878 sq ft |
| Lot size | 0.17 acres |
| Year built | 1973 |
| Property type | Duplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $4,697 |
| County | Sarasota |
Under contract-accepting backup offers. Income-producing duplex generating $3,400/month ($40,800 annually) representing approximately a 12% gross yield at the asking price with strong existing tenants already in place. Excellent opportunity for investors seeking immediate cash flow and minimal vacancy risk. Both units are currently leased with one secured through February 2027 and the second through April 2026 providing stable and predictable rental income from day one. Major capital improvements have already been completed including a new roof installed in 2023, both HVAC systems replaced in 2020, one water heater replaced in 2020, and a complete renovation of one unit in 2023 helping reduce near-term maintenance expenses. Each unit features a private entrance and separate rear lanai offering added outdoor space and privacy for tenants. The property also includes separate electric and water meters along with city water and sewer, simplifying management and utility billing for landlords. Conveniently located near Tamiami Trail, the property provides tenants with easy access to shopping, dining, everyday conveniences, and major commuter routes supporting consistent rental demand. With stable leases, recent system upgrades, separate utilities, and immediate income, this duplex represents a low-maintenance, income-producing investment and a strong addition to your rental portfolio. Interior photos reflect the property prior to current tenant occupancy and are representative of the unit layouts and finishes.
Listing courtesy of Ed Kovalchuk, KOVI INVESTMENTS, LLC. Presented by MC Homes Realty Inc · 727432218.