170 Roosevelt Drive 6, SARASOTA, FL 34236
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Priced at Only: $1,600,000
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Address: 170 Roosevelt Drive 6, SARASOTA, FL 34236
Property Location and Similar Properties
- MLS#: A4670924 ( Residential Income )
- Street Address: 170 Roosevelt Drive 6
- Viewed: 3
- Price: $1,600,000
- Price sqft: $1,088
- Waterfront: No
- Year Built: 1955
- Bldg sqft: 1470
- Total Baths: 5
- Days On Market: 3
- Additional Information
- Geolocation: 27.3084 / -82.5713
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34236
- Subdivision: Pelican Gardens
- Provided by: RE/MAX ALLIANCE GROUP
- Contact: Joey Lamielle
- 941-954-5454

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DescriptionRare Income Producing Portfolio on South Lido Key 5 Turnkey STR Units A rare opportunity to acquire a fully operating short term rental portfolio on South Lido Key, one of Sarasotas most coveted coastal markets. This offering includes five updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38,470 per unit and portfolio wide net income of $113,255 after HOA, taxes, utilities, and cleaning expenses. This is a cash flowing, turnkey asset in a high barrier to entry vacation rental market. The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind. Unit Renovation & Mechanical Summary: Unit 2 Updated | AC ~4 yrs | WH < 6 yrs Unit 6 Updated | AC ~4 yrs | WH < 6 yrs Unit 10 Updated | AC ~2 yrs | WH < 6 yrs Unit 11 Updated | AC ~3 yrs | WH < 3 yrs Unit 12 Updated | AC ~2 yrs | WH < 3 yrs This type of offering is rarely available a multi unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self manage, or explore value add improvements and dynamic pricing to further enhance returns. 5 units. One unbeatable coastal investment. Opportunities like this do not come around often.
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Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Courtyard, Fence, Garden, Storage
- Living Area: 294.00
- Other Structures: Storage
- Roof: Shingle
Property Information
- Property Condition: Completed
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Pets Allowed: No
- Sewer: Public Sewer
- Utilities: Public
Finance and Tax Information
- Home Owners Association Fee: 595.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Association Name: PMI Capstone
- Association Phone: 9415548838
- Country: US
- Interior Features: Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
- Legal Description: UNIT 6, 2, 10, 11, 12 PELICAN GARDENS
- Area Major: 34236 - Sarasota
- Occupant Type: Tenant
- Parcel Number: 2016144006
- View: Garden, Trees/Woods
- Zoning Code: RMF3
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