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Additional details

Angela Moilanen

angelam@roundtablerealty.com +1(904) 838-3159

$ 3,280,000

Est. payment | -/mo

9,600 SqFt

Save Virtual Tour

$ 3,280,000

Est. payment | -/mo

Save Virtual Tour

9,600 SqFt

Key Details

Property Type Multi-Family, Duplex

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 9,600 sqft

Price per Sqft $341

Subdivision City Park Sub

MLS Listing ID A4710045

HOA Y/N No

Year Built 1967

Annual Tax Amount $3,304

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Duplex

Source Stellar MLS

Property Description

SARASOTA DUPLEX PORTFOLIO | 8 DUPLEXES | 16 RENTAL UNITS | MULTIFAMILY INVESTMENT OPPORTUNITY

Discover an established income-producing duplex portfolio in Sarasota, Florida 34234. Offered at $3,280,000, this eight-property multifamily investment comprises 16 residential rental units across eight separate tax parcels in Sarasota's Newtown area, near Downtown Sarasota.

THE PORTFOLIO | Eight concrete-block duplex buildings, each containing two 2-bedroom, 1-bathroom residences. Seven properties are clustered along 20th Street in the City Park area, with an additional duplex nearby at 1583 20th Street. The portfolio includes properties at 1583, 1821, 1825, 1841, 1847, 1849, 1853 and 1863 20th Street, Sarasota, FL 34234. All eight properties are offered together as one investment portfolio, not individually.

RENTAL INCOME | Ownership reports 100% occupancy across all 16 units. The current rent roll reflects $230,400 in scheduled annual gross rental income, equivalent to $19,200 monthly and an average of $1,200 per unit. These figures represent scheduled rents rather than independently verified historical collections.

VALUE-ADD POTENTIAL | Existing rental rates offer opportunities to evaluate future rent adjustments, lease renewals and operational improvements. Investment underwriting identifies potential rental growth through market-based repositioning, subject to existing leases, tenant rights, applicable regulations and market conditions. Future income increases are not guaranteed.

PROPERTY FEATURES | Eight separate duplex buildings, 16 two-bedroom residences, individual tax parcels and established residential rental operations. The concentrated location of seven properties may offer operational efficiencies for investors managing multiple rental properties in Sarasota.

LOCATION | Situated near Downtown Sarasota, with convenient access to US-301, US-41, regional employment centers, shopping, dining and Sarasota's Gulf Coast amenities.

THE OPPORTUNITY | A 16-unit Sarasota multifamily investment portfolio for investors evaluating established Florida rental properties, potential long-term income growth and 1031 exchange opportunities.

PACKAGE-ONLY SALE | All eight duplex properties are offered together for $3,280,000. Offering memorandum, current rent roll and investment underwriting available for review. All income, expenses, occupancy, leases, zoning, property conditions and investment projections are subject to independent buyer verification.

Location

State FL

County Sarasota

Community City Park Sub

Area 34234 - Sarasota

Zoning RMF2

Interior

Interior Features Other

Heating Other

Cooling Wall/Window Unit(s)

Fireplace false

Laundry Other

Exterior

Exterior Feature Other

Utilities Available Electricity Connected

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4710045

Listed by Rex Glasson DOUGLAS ELLIMAN

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 838-3159

angelam@roundtablerealty.com

1637 Race Track Rd suite 100, Johns, Florida 32259

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1821 20TH ST Sarasota, FL 34234