|
TURNKEY 4-UNIT INCOME PROPERTY in HIGH-DEMAND PINECRAFT - 8%+ CAP RATE & $100K+ GROSS INCOME POTENTIAL! Attention Investors & Airbnb Hosts! This rare, fully permitted 4-unit property in the heart of Sarasota is a proven cash-flow machine, delivering a projected annual gross income of nearly $100K and an 8%+ cap rate. Situated in the high-demand Pinecraft neighborhood, this turnkey investment is fully furnished and rental-ready, offering immediate income with bookings already in place. PROPERTY HIGHLIGHTS: -Four income-producing units - a main home with a separate loft plus two standalone cottages, maximizing rental potential. -Offered fully furnished with $40,000+ worth of included furniture, TVs, kitchenware, and décor, allowing seamless ownership. -Meticulously renovated with high-end finishes, modernized kitchens and bathrooms, fresh paint, and upgraded flooring. -Impact windows (all but two) & 9-year-old roof, ensuring long-term durability and energy efficiency. -Private outdoor seating areas for each unit, creating an inviting and comfortable retreat for guests. -Spacious covered front porch adding charm and curb appeal to the main home. -Dedicated on-site parking - a premium feature that enhances guest convenience. -Separate laundry room, an essential amenity for short-term and long-term renters alike. PRIME LOCATION & ENDLESS INVESTMENT POTENTIAL: -Proven short-term rental success with strong occupancy rates and room to increase revenue. -Perfectly positioned near Yoder's Deli, Der Dutchman Restaurant, and Pinecraft Park, offering guests easy access to local favorites. -Portfolio expansion opportunity with additional units available for purchase. This property is an investor's dream, a rare find in Sarasota's booming rental market. Whether you're looking to scale your short-term rental portfolio or secure a high-yield, hands-off investment, this is an opportunity you don't want to miss. Schedule your private showing today!
| DAYS ON MARKET | 1 | LAST UPDATED | 3/2/2025 |
|---|---|---|---|
| TRACT | HOMECROFT | YEAR BUILT | 1945 |
| COMMUNITY | 34239 - Sarasota/Pinecraft | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Southside Elementary |
|---|---|
| Jr. High School | Brookside Middle |
| High School | Sarasota High |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s), Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer |
| AREA | 34239 - Sarasota/Pinecraft |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Concrete, Stucco, Vinyl Siding, Wood Siding |
| EXTERIOR | Rain Gutters |
| HEAT | Central, Zoned |
| INTERIOR | Other, Stone Counters, Walk-In Closet(s) |
| LOT | 6098 sq ft |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | HOMECROFT |
| TAXES | 9165 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Wendy
Lynn to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Austin Hampson, PLLC, REAL BROKER, LLC, 855-450-0442
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/3/25 8:14 AM PST.
This IDX solution is (c) Diverse Solutions 2025.
