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 PROPERTY 1761 Siesta Dr & 1760 Wisconsin Ln, SARASOTA, FL 34239, MLS#A4688714 - Residential Income
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1761 Siesta Dr & 1760 Wisconsin Ln, SARASOTA, FL 34239
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1761 Siesta Dr & 1760 Wisconsin Ln
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Priced at Only: $2,400,000
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Address: 1761 Siesta Dr & 1760 Wisconsin Ln, SARASOTA, FL 34239
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  • MLS#: A4688714 ( Residential Income )
  • Street Address: 1761 Siesta Dr & 1760 Wisconsin Ln
  • Viewed: 13
  • Price: $2,400,000
  • Price sqft: $530
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 4525
  • Bedrooms: 10
  • Total Baths: 8
  • Days On Market: 14
  • 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.
Payment Calculator
  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Lighting, Private Entrance, Private Mailbox, Private Yard, Storage
  • Flooring: Terrazzo, Tile, Vinyl
  • Living Area: 4435.00
  • Roof: Shingle
Land Information
  • Lot Features: In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned, Common
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
  • Heating: Central, Electric
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Country: US
  • Interior Features: Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
  • Legal Description: LOT 25 BLK B BAYVIEW and LOT 26 BLK B BAYVIEW
  • Levels: One
  • Area Major: 34239 - Sarasota/Pinecraft
  • Occupant Type: Tenant
  • Parcel Number: 2039100047-1
  • Views: 13
  • Zoning Code: RMF2
Nearby Subdivisions
Bayview   Homecroft   Rio Vista   South Gate  
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