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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988
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  4. 1761 Siesta Dr & 1760 Wisconsin Ln, SARASOTA, FL 34239
1761 Siesta Dr & 1760 Wisconsin Ln, SARASOTA, FL 34239
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1761 Siesta Dr & 1760 Wisconsin Ln
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  • MLS#: A4688714 ( Residential Income )
  • Street Address: 1761 Siesta Dr & 1760 Wisconsin Ln
  • Viewed: 43
  • Price: $2,400,000
  • Price sqft: $530
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 4525
  • Bedrooms: 10
  • Total Baths: 8
  • Days On Market: 28
  • Additional Information
  • Geolocation: 27.303 / -82.5344
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34239
  • Subdivision: Bayview
  • Provided by: COLDWELL BANKER REALTY
  • Contact: Danielle Dietrich, PA
  • 941-366-8070
  • mfrmls
  • DMCA Notice
  • Description
    7 Rentable Units | 10 Bed, 8 Bath Income Property Prime Siesta Key Location! Exceptional opportunity to own a fully leased multifamily property just minutes from world famous Siesta Key Beach. Located on Siesta Drivethe gateway to Siesta Keythis offering includes two adjacent triplexes on two separate lots, with potential to expand to 8 units. The property features a versatile mix of 1BR, 2BR, 3BR, and studio layouts, ideal for maximizing rental income. Zoned for weekly rentals (7 day minimum) within city limits, this property offers strong income potential with a blend of long term tenants and proven short term rental performance (Airbnb 5 star host/seasonal). Recent upgrades include newer roofs (20162017), new siding, updated A/C units, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting/cameras. Professionally landscaped grounds enhance curb appeal. On site laundry with the ability to add laundry to every unit. Tenants pay utilities with 7 separate water and electric meters. Situated just blocks from the North Bridge and within walking distance to shopping, dining, and everyday conveniences. Located in an X flood zone NO flood insurance required, and Level D evacuation zone. Ample parking for up to 17 vehicles, plus space for boats, kayaks, and recreational toys. Buy one or both must be sold simultaneously: 1761 Siesta Dr & 1760 Wisconsin Ln a rare high income investment package on Siesta Key. Strong financials: ~7.45% cap rate, under $20K in annual expenses, and projected income of $175K$200K+ with upside potential. Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.
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Property Location and Similar Properties
All
Similar
Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Dryer
  4. Electric Water Heater
  5. Microwave
  6. Range
  7. Refrigerator
  8. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Mini-Split Unit(s)
  3. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Fence
  2. Lighting
  3. Private Entrance
  4. Private Mailbox
  5. Private Yard
  6. Storage
Flooring
  1. Terrazzo
  2. Tile
  3. Vinyl
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Built-in Features
  2. Ceiling Fans(s)
  3. Crown Molding
  4. Eat-in Kitchen
  5. Solid Surface Counters
  6. Solid Wood Cabinets
  7. Window Treatments
Legal Description
  1. LOT 25 BLK B BAYVIEW and LOT 26 BLK B BAYVIEW
Levels
  1. One
Living Area
  1. 4435.00
Lot Features
  1. In County
  2. Landscaped
  3. Near Public Transit
  4. Private
  5. Street One Way
  6. Paved
Area Major
  1. 34239 - Sarasota/Pinecraft
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 2039100047-1
Parking Features
  1. Assigned
  2. Common
Pets Allowed
  1. Yes
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Township
  1. 36
Utilities
  1. Electricity Connected
  2. Fiber Optics
  3. Private
  4. Sewer Connected
  5. Water - Multiple Meters
  6. Water Connected
Views
  1. 43
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/A4688714
Water Source
  1. Public
Year Built
  1. 1949
Zoning Code
  1. RMF2
Liked Listings
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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988