7 Rentable Units | 10 Bed, 8 Bath Income Property – Prime Siesta Key Location
Exceptional opportunity to acquire a high-performing multifamily investment just minutes from world-renowned Siesta Key Beach. Positioned on Siesta Drive—the gateway to Siesta Key—this offering includes two adjacent triplexes on separate parcels, with the potential to… Read More expand to 8 units. Currently 7 rented and rentable units.
The property features a diverse unit mix of 1BR, 2BR, 3BR, and studio layouts, designed to maximize rental income and appeal to both long-term tenants and short-term vacation renters. Zoned for weekly rentals (7-day minimum) within city limits, the asset benefits from strong, proven income performance, including established Airbnb 5-star hosting history.
Extensive capital improvements have been completed, including newer roofs (2016–2017), updated siding, modern A/C systems, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting with cameras. The property is professionally landscaped and offers on-site laundry, with the ability to add private laundry to each unit.
Tenants pay utilities, supported by 7 separate water and electric meters, minimizing owner expenses and enhancing net operating income.
Ideally located just blocks from the North Bridge and within walking distance to shopping, dining, and daily conveniences. Situated in an X flood zone, means no flood insurance is required and Level D evacuation zone.
The property offers ample on-site parking for up to 17 vehicles, with additional space for boats, kayaks, and recreational equipment.
Offering includes both parcels (must be sold together):
1761 Siesta Dr & 1760 Wisconsin Ln
Investment Highlights:
~7.45% Cap Rate
Under $20K Annual Expenses
Projected Gross Income: $175K–$200K+
Significant Upside Potential
Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings. Read Less
Courtesy of COLDWELL BANKER REALTY 941-366-8070
Listing Snapshot
Days Online
0
Last Updated
Property Type
Mixed Use
Square Ft.
4,525
Lot Size
0.29 Acres
Year Built
1984
MLS Number
A4688518
Additional Details
Property Access
Frontage Type: City Street, Private Road, Road Surface: Asphalt
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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