5306-5312 S Lockwood Ridge Rd., Sarasota, FL 34231

5306-5312 S Lockwood Ridge Rd., Sarasota, FL 34231
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$1,850,000
Sold on 2/01/22
Beds Baths Sq. Ft. Taxes Built
0.00 4,975 $10,207 1969
On the market: 182 days
View full details, 15 photos, school info, and price history
Take advantage of this incredible and unique investment opportunity. Three adjacent duplexes and one single family home across the street are located just minutes from some of the best public schools in Sarasota and the beaches of Siesta Key. Both units in two of the duplexes are currently rented with the potential for increased rent. Third duplex being updated with potential rent per unit of $1,600 or greater. Fencing surrounds all three yards creating one amazing backyard for all duplex units. Each unit has either a private garage or a carport (or screened-in carport) as well as additional parking. The single-family home is on an oversized 16,000 plus square foot lot and features newer roof and windows. With some basic updates it would make a great rental. There may also be potential to divide the single-family home lot. Neighborhood in transition with new-build estate properties as well as traditional single-family homes. Great investor opportunity, live in one and rent the others out or create a unique multi-generational situation. Lots of options here particularly with the hot rental market. Price may increase as more improvements are made.
Listing courtesy of Joel Schemmel, PREMIER SOTHEBYS INTL REALTY