Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathrooom unit (side by side). An impressive $270,000 gross income in 2023 and $264,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical (2025), and hot tubs (2023). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a 10% management fee with all staff staying in place. This property could be purchased as a portfolio with 5228 Calle Menorca.
Listed By
Agency Name: BEYCOME OF FLORIDA LLC
Agency Contact: 844-239-2663
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimated Payment
$ 6,072.45 per month $4,395.49 Principal & Interest $1,100.92 Property Tax $576.04 Homeowner's Insurance
6550 Sabal Drive | MLS# O6377497
This multi-family property located at 6550 Sabal Drive, Sarasota, FL 34242 is currently listed for sale with an asking price of $1,975,000. Search Sarasota real estate on www.joinrealtymark.net today.