New Listing - 01/06/2025
2160 8th STREET, Sarasota, FL, 34237
4 beds
1973
1,440 sqft
Exceptional investment opportunity just north of downtown Sarasota! This block duplex is in fantastic condition with ACs and water heaters updated in 2019 and electrical panels updated in 2014, plus durable vinyl windows. Roof is 2005. MTM rents are currently approximately $1,300/month—well below the $1,800 median market rent for 2/1 units (per Rentometer), offering immediate income growth potential. Located in the sought-after Missing Middle Overlay district, the property also boasts affordable housing redevelopment opportunities with density increases up to a maximum of 35 units/acre (check with the city for details). Combine with the neighboring duplex to create a 4-plex! Close to top restaurants, shopping, and public transit, this is a rare chance to secure a property with long-term upside. Perfect 1031 exchange candidate. We have access to property managers that can help manage your investment if you want a more hands off property.
Status:
Active
Type:
Multi-family
Laundry Remarks:
None
Units:
2
Subdivision:
WALPOLE FRANK A
Heating:
Electric
Cooling:
Central Air
Lot Size:
50 x 130
Acreage:
0.15
Est. Taxes:
$4,424
Construction
Block
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Days on Market:
1
MLS #:
A4634437
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of COASTAL CONNECTION REALTY Phone: 941-896-9991