Description

Opportunity to own a well-positioned income-producing duplex in South Sarasota, offering two separate 2-bedroom, 1-bath units, professional property management already in place, and an attractive combination of current cash flow and future rental upside.The 1974 unit is currently occupied at $1,700/month by a long-term tenant who is in the second year of their lease, providing stable income from day one. The 1976 unit has recently become vacant, creating a rare opportunity for a prospective buyer to tour the interior and evaluate the property firsthand before placing a new tenant. This also gives a new owner flexibility to establish the next lease at current market conditions rather than purchasing a fully occupied property without access to the second unit.Both units have been updated inside and feature their own private laundry, adding a significant amenity for tenants and helping support rental demand. Each unit also has a carport, while the rear 1976 unit offers something especially appealing: A large private backyard and spacious screened lanai, providing valuable outdoor living space that is increasingly difficult to find in rental properties.The property is currently under professional property management, making this an especially appealing option for an investor seeking an established rental with management already in place. The two-unit configuration provides diversification within a single property while offering the potential to improve overall returns through future rent adjustments and strategic leasing.Location is a major part of the investment story. The property is conveniently located near Target, Publix and everyday shopping and services, while also offering easy access to the Gulf Coast lifestyle that makes Sarasota such a desirable rental market. Siesta Key and the Gulf of Mexico are within easy reach, giving tenants convenient access to some of the area's most sought-after beaches and recreational amenities.Outdoor enthusiasts will appreciate the property's proximity to Wharf Road Park and Vamo Drive Park, both of which offer canoe/kayak launching access to the Sarasota-area waterways. Vamo Drive Park sits on Little Sarasota Bay and provides a canoe/kayak launch, while Wharf Road Park also provides direct paddling access. The parks are also less than a mile from Midnight Pass, placing some of Sarasota's premier coastal recreation within a short float across the bay.Another potential long-term benefit is the property's proximity to the Sarasota Square redevelopment. The former Sarasota Square Mall site is being transformed into a large mixed-use destination incorporating retail, restaurants, outdoor gathering areas and residential development. The project is already under active development, with the first phase of commercial space moving forward and a 355-unit residential component planned as part of the larger redevelopment.For an investor, this property offers an appealing combination of existing rental income, professional management, two separately rentable units, private laundry, carports, outdoor space, an immediately tourable vacant unit, and a location positioned near shopping, beaches, Sarasota Bay and significant surrounding redevelopment.Tour the vacant 1976 unit while it is available and see the investment opportunity for yourself. Properties offering this combination of income and South Sarasota location deserve a closer look.