"SPECIAL" SIESTA KEY RENTAL PROPERTY / DEVELOPMENT OPPORTUNITY; This Siesta Key rental property comes with 5 rental units / 2-buildings ~ Property sits directly across from a "WIDE" County beach access ~ Siesta Key Village close BY ~ Siesta Key Beach RIGHT in front of the property ~ Estimated gross income: $120K - $140K ~ daily / weekly / monthly / annual rentals allowed ~ Owners just completed a total renovation to include but not exclusive to a new pool and pool area ~ Development Opportunity: 2 single family units "FULL GULF VIEWS" can be built on the lot if the current structure is razed ~ MUST SEE PROPERTY VITUAL TOUR LINK TO APPRECIATE!!!!! ~ EASY TO SHOW! NOTE:The property includes 2 buildings, the second is addressed @ 331 Beach Road, Sarasota, FL 34242
Multi-familyProperty Type
1924Year Built
0.27 acresLot Size
$687Price/Sq.Ft.
Listed by Robert T Anderson• RE/MAX ALLIANCE GROUP
Bought with Robert T Anderson• RE/MAX ALLIANCE GROUP
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Sarasota County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 5, 2025.
RMF-1
SKOD
Multi-Family District
The RMF Districts permit multifamily residential densities, which may take the form of a variety of housing types, including single-family detached, lot line, traditional, patio, villa, atrium, duplex, townhouse, multiplex, or apartment units. These districts are used in areas having convenient access to both collector and arterial streets, and nearby civic and commercial uses, as well as employment opportunities; The RMF Districts are generally used to implement the Comprehensive Plan within those areas shown as Medium Density Residential, High Density Residential, Office Multifamily Residential Areas and Corridors, and Town and Village Centers on the Future Land Use Map, on the Barrier Islands where the application of the district would not increase the density of development or hamper hurricane evacuation planning and disaster mitigation efforts, and Developments of Regional Impact. The RMF Districts, while not a primary implementing district, may also be allowed in Regional, Community, Village I, Village II, and Neighborhood Commercial Centers. Appropriate densities within the Medium Density and High Density Residential areas shall be guided by the density ranges as outlined in Future Land Use Policy 1.1.1, Objective 2.3, and Policy 2.3.1 of the Comprehensive Plan. These densities shall also be determined, in part, by the land use designations and developed residential areas surrounding the parcel.
Appliances: Dryer, Electric Water Heater, Microwave, Range, Washer
Flooring: Ceramic Tile, Other, Wood
Multi-Family Financial Information
Gross Income: $120,000
Annual Net Income: 72000.00
Annual Expenses: 48000
Total Monthly Expenses: 4000
Multi-Unit Information
# of Units (Total): 5
# of Units: 3
Furnished: Yes
Unit Type 1 Information
Unit Type: Efficiency
# of Units: 2
# of Bathrooms: 1
# of Bedrooms: 1
Unit Type 2 Information
# of Units: 1
# of Bathrooms: 1
# of Bedrooms: 2
Unit Type 3 Information
# of Units: 2
# of Bathrooms: 1
# of Bedrooms: 1
Exterior
Building Information
Construction Materials: Block, Stucco, Wood Frame
Roof: Membrane, Other, Tile
Exterior Features
Patio And Porch Features: Deck, Patio, Porch
Exterior Features: French Doors, Balcony, Fence, Sidewalk, Storage
Pool Information
Has Private Pool
Pool Features: Gunite, In Ground, Other
Waterfront Information
On Waterfront
Waterfront Features: Beach - Public
Water Body Name: GULF OF MEXICO
Waterfront Feet Total: 200
Water Frontage Feet Beach Pub: 200
Water View Y/N: 1
Water View Description: Beach,Gulf/Ocean - Full,Gulf/Ocean - Partial
Water Access Y/N: 1
Water Access Description: Beach - Public,Gulf/Ocean
Water Extras Y/N: 0
Property Information
Total Num Buildings: 2
CDD Y/N: 0
Homestead Y/N: 0
Property Type: Residential Income
Property Sub Type: Multi-Family
Other Structures: Guest House, Shed(s), Storage
Zoning: RMF1
Land Information
Vegetation: Mature Landscaping
Future Land Use: RMF-1
Total Acreage: 1/4 Acre to 21779 Sq. Ft.
Lot Information
Lot Features: CoastalConstruction Control Line, Corner Lot, Flood Plain/Bottom Land, In County, Near Public Transit, Oversized Lot
Lot Size Acres: 0.27
Lot Size Dimensions: 116 X 101.5
Other Exemptions YN: 0
Building Information
MFR_BuildingNameNumber: 329-331 BEACH
Financial
Tax Information
Tax Annual Amount: $10,060
Tax Year: 2015
Lease / Rent Details
Terms Of Lease: Gross Lease
Utilities
Utility Information
Water Source: Public
Utilities: Cable Available, Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Street Lights
Additional Water Information: This property is very unique, the Gulf of Mexico views @ Siesta Key are protected by a County beach easement, get the protected view without the cost!!!!