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Multi Family 4 bedrooms - SARASOTA BEACH for Sale

527 BCH, SARASOTA, FL 34242

Asking Price$3,395,000 Change Price$150,000

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  • Days on market:

    23 day(s)
  • Original Price:

    $3,545,000
  • Price per sqft:

    $1882.97
  • Tax Legal Description:

    LOT 25, BLK 21, SARASOTA BEACH
  • Tax Year:

    2023
  • Property Type:

    Multi Family
  • Carport Spaces:

    8
  • Parking:

    Driveway
  • Furnished Info:

    Furnished
  • Pool Features:

    Heated
  • View:

    Water
  • Lease Term Remaining:

    >6 Months <12
  • Construction Type:

    Wood SidingWood Frame
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    ElectricCentral
  • Floor Description:

    Luxury Vinyl
  • Interior Features:

    Vaulted Ceiling(s) Stone Counters Thermostat Open Floorplan
  • Exterior Features:

    Outdoor ShowerBalcony
  • Equipment/Appliances:

    DishwasherMicrowaveRefrigeratorDryerWasherElectric Water Heater Ice Maker Range Exhaust Fan
  • Special Listing Conditions:

    None
  • Lot Features:

    Flood Insurance Required FloodZone

Description

$3,395,000 • four bedroom(s) • living size area 1803 sqft

Presenting an exclusive opportunity on siesta key beach – an exceptional duplex for your consideration. this is situated directly on beach road, boasting a consistent income stream. it can be retained as a lucrative investment or transformed into a grand three-story duplex with the potential for even greater returns. this property is divided into two separate units: a 2-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. with its rare zoning approval for short-term and nightly rentals, this property is perfect for use as a primary home, vacation home, or income-generating investment. this home's revenue is sure to exceed your expectations. all aspects of the rental, including cleaners, management, and handyman services, are already in place, ensuring a seamless and hassle-free transition. this property has earned a 4.9-star rating as a vrbo 'premier host and is recognized as an airbnb 'superhost'. included is an already preapproved plan with permits paid and engineered drawings approved to enclose the bottom garage area, adding an additional 2,000 square foot of space. custom murals throughout the house making it one of the most sought after and unique homes on siesta key. both units have undergone recent upgrades, including new floors, fresh paint, new bathrooms, and stylish new furnishings. local artist-created custom murals provide pops of color to the traditional shiplap walls, and built-ins. the kitchens feature granite countertops and stainless-steel appliances, and the exteriors offer new fencing, a stone-paved patio with two grills, 2 private hot tubs, 2 tiki huts and a large heated pool. entire in-house property management, cleaners, handyman, etc to stay with the sale making it turnkey and easy to operate. the management fee cost is about 3.5%, not the standard 20% as in most cases. the home brought in over $386,000 gross in last 12 months. gross cap rap is at 11%. this is unheard of on such a great property that will continue to grow in value.

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