Rare Income Opportunity in a Newly Expanded Duplex in Sarasota. This newly expanded duplex in Sarasota offers an exceptional income opportunity for investors. Located on a plush landscaped lot within the city, both sides of the duplex can be rented on a weekly basis.
The duplex has undergone major upgrades, transforming from a 1/1 on each side to a newly reconfigured split floor plan with two bedrooms and two bathrooms. Each unit features a new primary bedroom with an ensuite, walk-in closet, and impact windows. The bedrooms are spacious, with king-size beds, dressers, side tables, and TVs.
The kitchens have a new pass-through window to the great room, creating a more open feel. Both units have their own washer and dryer and come fully furnished. Other updates completed in the past year include a connection to city sewer double macerator pumps, new central HVAC, and new water heaters.
The rental income potential is outstanding, the conservative estimation is approximately $96,600k gross income when doing weekly rentals - and that's without any seasonal bump. The property was listed on VRBO in mid-December of 2022, and both sides were booked solid through April. The bookings stopped only for the seller to use one side and to let the new owner decide how they want to use it.
Similar properties in the area with two bedrooms and one bathroom are renting for $2,500/month per unit on an annual basis. The attachments included detail all the upgrades. Be sure to watch the provided virtual walk-throughs. Don't miss this rare opportunity to invest in prime Sarasota real estate.