170 Roosevelt Drive 6, SARASOTA, FL 34236
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  • MLS#: A4670924 ( Residential Income )
  • Street Address: 170 Roosevelt Drive 6
  • Viewed: 67
  • Price: $1,600,000
  • Price sqft: $1,088
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 1470
  • Total Baths: 5
  • Days On Market: 43
  • Additional Information
  • Geolocation: 27.3084 / -82.5713
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34236
  • Subdivision: Pelican Gardens
  • Provided by: RE/MAX ALLIANCE GROUP
  • Contact: Joey Lamielle
  • 941-954-5454
  • mfrmls
  • DMCA Notice
  • Description
    Rare Income Producing Portfolio on South Lido Key 5 Turnkey STR Units A rare opportunity to acquire a fully operating short term rental portfolio on South Lido Key, one of Sarasotas most coveted coastal markets. This offering includes five updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38,470 per unit and portfolio wide net income of $113,255 after HOA, taxes, utilities, and cleaning expenses. This is a cash flowing, turnkey asset in a high barrier to entry vacation rental market. The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind. Unit Renovation & Mechanical Summary: Unit 2 Updated | AC ~4 yrs | WH < 6 yrs Unit 6 Updated | AC ~4 yrs | WH < 6 yrs Unit 10 Updated | AC ~2 yrs | WH < 6 yrs Unit 11 Updated | AC ~3 yrs | WH < 3 yrs Unit 12 Updated | AC ~2 yrs | WH < 3 yrs This type of offering is rarely available a multi unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self manage, or explore value add improvements and dynamic pricing to further enhance returns. 5 units. One unbeatable coastal investment. Opportunities like this do not come around often.
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