Under contract-accepting backup offers. Rare investment opportunity in Sarasota's highly sought-after Indian Beach neighborhood for under $800K! This vintage mid-century 4-plex features durable concrete block construction, thoughtfully designed as two facing duplexes surrounding a private, complex-only pool. Each of the 4 units offers 2 bedrooms, 1 bathroom, its own dedicated carport, and an individual laundry room for maximum tenant convenience. The back two units highlight recent remodeling upgrades and new appliances. With 2 units currently rented below market value, & 2 still vacant, this property offers immediate upside potential and increased cash flow for investors. Unbeatable location just minutes from Ringling College, Downtown Sarasota, US-41, and local beaches. Don't miss this high-demand, low-turnover income generator!
| MLS # | A4701502 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active Under Contract |
| Year | 1960 |
| Days On Site | 76 |
| Listing Provided By | MICHAEL SAUNDERS & COMPANY | Bob Moffatt |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 1,792 |
| Car Port | Yes |
| Pool | Yes |
| Story(s) | 1 |
| Units | 4 |
| Zoning | RMF4 |
| Acreage | 0.28 |
| Property | 5504 |
|---|
| State | FL |
|---|---|
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34234 |
| Area | 34234 Sarasota |
| Subarea | Desoto Terrace |
| Community Name | DESOTO TERRACE |
| School District | Booker High |
| Elementary School | Emma E. Booker Elementary |
| High School | Booker High |
| Listing VS Median (in DESOTO TERRACE) | |
Price: $799,900 low | high Med: $401,275 sqft: 1,792 low | high Med: 1,664 $ / sqft: $446 low | high Med: $224 On site: 76 low | high Med: 287.5 | |
| State | FL |
|---|---|
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34234 |
| Area | 34234 Sarasota |
| Subarea | Desoto Terrace |
| Community Name | DESOTO TERRACE |
| School District | Booker High |
| Elementary School | Emma E. Booker Elementary |
| High School | Booker High |
| Listing VS Median (in DESOTO TERRACE) | |
Price: $799,900 low | high Med: $401,275 sqft: 1,792 low | high Med: 1,664 $ / sqft: $446 low | high Med: $224 On site: 76 low | high Med: 287.5 | |