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170 Roosevelt Drive 6, Sarasota, FL 34236

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For Sale

$1,600,000

294 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $5,442.18
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 Sarasota s 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.
MLS# A4670924

Courtesy Of RE/MAX Alliance Group

(941) 954-5454

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan, Garden
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Lot Size
    0.9 Acres

Map and Directions

Directions to 170 Roosevelt Drive 6, Sarasota, FL 34236

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Monthly Payment Breakdown

  • Principle and Interest
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.