TURNKEY 4-UNIT INCOME PROPERTY in HIGH-DEMAND PINECRAFT - 8%+ CAP RATE & $100K+ GROSS INCOME POTENTIAL!
Attention Investors & Airbnb Hosts! This rare, fully permitted 4-unit property in the heart of Sarasota is a proven cash-flow machine, delivering a projected annual gross income of nearly $100K and an 8%+ cap rate. Situated in the high-demand Pinecraft neighborhood, this turnkey investment is fully furnished and rental-ready, offering immediate income with bookings already in place.
PROPERTY HIGHLIGHTS:
-Four income-producing units – a main home with a separate loft plus two standalone cottages, maximizing rental potential.
-Offered fully furnished with $40,000+ worth of included furniture, TVs, kitchenware, and décor, allowing seamless ownership.
-Meticulously renovated with high-end finishes, modernized kitchens and bathrooms, fresh paint, and upgraded flooring.
-Impact windows (all but two) & 9-year-old roof, ensuring long-term durability and energy efficiency.
-Private outdoor seating areas for each unit, creating an inviting and comfortable retreat for guests.
-Spacious covered front porch adding charm and curb appeal to the main home.
-Dedicated on-site parking – a premium feature that enhances guest convenience.
-Separate laundry room, an essential amenity for short-term and long-term renters alike.
PRIME LOCATION & ENDLESS INVESTMENT POTENTIAL:
-Proven short-term rental success with strong occupancy rates and room to increase revenue.
-Perfectly positioned near Yoder’s Deli, Der Dutchman Restaurant, and Pinecraft Park, offering guests easy access to local favorites.
-Portfolio expansion opportunity with additional units available for purchase.
This property is an investor's dream, a rare find in Sarasota’s booming rental market. Whether you’re looking to scale your short-term rental portfolio or secure a high-yield, hands-off investment, this is an opportunity you don’t want to miss.
Schedule your private showing today!
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Listing Snapshot
Price
$999,000
Days On Site
54 Days
Bedrooms
5
Inside Area (SqFt)
2,201 sqft
Total Baths
4
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.14 Acres
Year Built
1945
MLS® Number
A4642764
Status
Active
Property Tax
$9,165
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
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Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-04-26 10:39 AM EDT
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.