1760 Wisconsin Ln - Multi-Family FOR SALE


Sarasota, FL 34239- South Sarasota
$1,300,000 USD
603-767-9166
1760 Wisconsin Ln, Sarasota, FL for Sale
$1,300,000 USD
Multi-Family - FOR SALE
1/35
null | 5.19% Cap Rate

1760 Wisconsin Ln
Sarasota, FL 34239
South Sarasota


HIGHLIGHTS

  • Gateway to Siesta Key
  • Separate Utility Meters - Tenants pay all utilities
  • Weekly Rentals allowed; city limits (7-day minimums)

OVERVIEW

Siesta Key Triplex – Weekly Rental Zoned Investment Opportunity Concrete triplex in city limits featuring one 3BR/1BA unit with attached 1BR/1BA studio and two additional 1BR/1BA units. ALL units are tenant-occupied with immediate income potential; historical annual income reported at $80K–$100K. Zoned for weekly rentals in Siesta Key City Limits...allow short- or long-term rental flexibility. Property includes four electric and four water meters, with tenants paying utilities. Expenses are kept low and are primarily limited to taxes, insurance, and landscaping. Recent updates include A/C systems, water heaters, appliances, exterior lighting, security cameras, and landscaping. Features shared on-site laundry plus private laundry in the larger unit. Concrete construction makes this the perfect investment property close to the beach and in Evacuation Zone D. No flood insurance required! Prime location near Siesta Key Beach with easy access to shopping, dining, and public transportation. Approximately two blocks to the North Bridge. Add 1761 Siesta Dr to increase your income potential and begin your Siesta Key Portfolio or scale to a 7+ unit portfolio with a potential six-figure+ income gain. Why buy just one when you can buy both! Strong in-place income makes this a rare Siesta Key investment. Intended to be sold together. Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$598 USD /SF

# OF UNITS

4

PRICE/UNIT

$325,000

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Siesta Key Triplex - Weekly Rental Zoned

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

9

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RMF2

APN/PARCEL ID

2039-10-0001

ASK ABOUT THIS PROPERTY

Danielle DietrichColdwell Banker Commercial RealtyMore Info
603-767-9166

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Danielle DietrichColdwell Banker Commercial RealtyMore Info
603-767-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.