Fully Occupied Sarasota Duplex – No Flood Zone and Cashflowing!

Quick Summary

Purchase Price
$399,000
Capitalization Rate
6.2%
Cash on Cash Return
2.0%
Total Return on Investment
22.7%

943 Gary Street, Sarasota, FL 34234

3 beds
2 baths
1,566 sqft
  • The property can provide immediate cashflow to its next investor with both unit currently occupied
  • Rare opportunity for a duplex in Appreciating North Sarasota!
  • Duplex has 2 /1 and 1/1 apartments. 2650 finished including screened porches front & back, and 1566 under air conditioning.
  • Covered carports, laundry hookups, private fenced backyards.
  • Quite residential street convenient to US 41, 5 min to downtown, near Water Tower Municipal Park.
  • Appliances, kitchens, baths, mechanicals all renovated in 2017 or later.
  • Live in one side and rent the other, or have a valuable investment with excellent, long term tenants in place!
  • Light and bright living with screened porches front and back overlooking securely fenced, private backyards.
  • Great layouts with tons of storage space, laundry room with hookups for each unit.
  • Covered off-street parking in a quiet residential street.
  • No interior showings until inspection period of contract with full option for buyer to terminate.
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