Photo 1 of 1
$350,000
Sold on 5/31/17
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
1,913 |
$2,972 |
1950 |
On the market:
44 days
|
View full details, 15 photos, school info, and price history
Investors Alert -- 3 fully rented units with a cap rate of 7.5%. Very low maintenance needed on this centrally located West of the Trail Sarasota Triplex. Front duplex offers 2 bedroom and 1 bath on one side and then 1 bedroom, 1 bath on other side. Back Cottage has one bedroom, 1 bath, just remodeled. All 3 units have annual leases in place. Long term tenants, 8-9 years, 2-3 years. Gross income $32,700 less $3,000 for taxes and monthly expenses for water and sewer, owner is netting $28,000 -- 7.5% cap. Owners have installed new roofs on both buildings 2017. Cottage was just remodeled. Entire property is fenced and has maintenance free stones. Laundry shed is available for all 3 units. 
Property will be shown via 3D Virtual Tour on the units out of respect for tenants. All buyers will need to provide proof of funds and tenants will need 24-48 hour notice. Property is walking distance to Trader Joe's, a mile and a half to Sarasota Memorial Hospital and the Siesta Key North Bridge, 3 miles to down town Sarasota and #1 rated by Trip Adviser Beach Siesta Key.
Listing courtesy of Lois Seropian & Wilfred Riley, COLDWELL BANKER REALTY & COLDWELL BANKER REALTY