Vera Wells
REALTOR®
BEDS10
BATHS
SQUARE FEET4,435
MLS#A4688714
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBAYVIEW
Property 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 Drive-the gateway to Siesta Key-this 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 (2016-2017), 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Heating: Central, Electric
Lot Size: 0.29 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $9,642
Year Built: 1949
Amenities
Built-in Features
Ceiling Fans(s)
Crown Molding
Eat-in Kitchen
Solid Surface Counters
Solid Wood Cabinets
Window Treatments
Fence
Lighting
Private Entrance
Private Mailbox
Private Yard
Storage
Feature Descriptions
Annual Net Income: 200000.00
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Days on Site: 2
Directions: 41 to Siesta on the corner of Siesta and Wisconsin. 2 buildings - 1761 Siesta Dr and 1760 Wisconsin.
Exterior: Block, Concrete
Fireplace: Family Room, Living Room
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Terrazzo, Tile, Vinyl
Foundation: Block, Concrete Perimeter, Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: In County, Landscaped, Near Public Transit, Private, Street One Way, Paved
Lot Dimensions: 0.29
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Parking: Assigned, Common
Parking Notes: Assigned, Common
Patio/Porch: Covered, Front Porch, Patio, Porch, Rear Porch, Side Porch
Pets Allowed: Yes
Pets Restrictions: n/a
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 8
Utilities: Electricity Connected, Fiber Optics, Private, Sewer Connected, Water - Multiple Meters, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: RMF2
Listed By / Shown By
Listed By
Agency Name: COLDWELL BANKER REALTY
Agency Contact: 941-366-8070
Shown By
Agent Name: Vera Wells
Agent Phone: (813) 697-5259
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 6,844.86 per month $5,341.36 Principal & Interest $803.50 Property Tax $700.00 Homeowner's InsuranceChange Payment Information
Vera Wells
Cell: (813) 697-5259
Email Me
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1761 Siesta Dr & 1760 Wisconsin Ln | MLS# A4688714
This multi-family property located at 1761 Siesta Dr & 1760 Wisconsin Ln , Sarasota, FL 34239 is currently listed for sale with an asking price of $2,400,000. Search Sarasota real estate on vwells.floridaexecutiverealty.com today.