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$439,000

Est. payment - /mo

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4 BD

2 BA

1,440 SqFt

Pending

2160 8TH ST Sarasota, FL 34237

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Gemma Peterson

info@floridahomesandloans.com +1(407) 242-7758

UPDATED:

01/20/2025 12:55 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $304

Subdivision Walpole Frank A

MLS Listing ID A4634437

Bedrooms 4

Construction Status Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1973

Annual Tax Amount $4,423

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 50x130

Property Description

Under contract-accepting backup offers. Exceptional investment opportunity just north of downtown Sarasota! This block duplex is in fantastic condition with ACs and water heaters updated in 2019 and electrical panels updated in 2014, plus durable vinyl windows. Roof is 2005. MTM rents are currently approximately $1,300/month—well below the $1,800 median market rent for 2/1 units (per Rentometer), offering immediate income growth potential. Located in the sought-after Missing Middle Overlay district, the property also boasts affordable housing redevelopment opportunities with density increases up to a maximum of 35 units/acre (check with the city for details). Combine with the neighboring duplex to create a 4-plex! Close to top restaurants, shopping, and public transit, this is a rare chance to secure a property with long-term upside. Perfect 1031 exchange candidate. We have access to property managers that can help manage your investment if you want a more hands off property.

Location

State FL

County Sarasota

Community Walpole Frank A

Zoning DTN

Interior

Interior Features Ninguno

Heating Electric

Cooling Central Air

Fireplace false

Laundry None

Exterior

Exterior Feature Courtyard

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Inspections

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by COASTAL CONNECTION REALTY

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Gemma Peterson

Broker/Owner | License ID: NMLS: 2295908 MLO:2121526

+1(407) 242-7758

2160 8TH ST Sarasota, FL 34237

Gemma Peterson

Key Details

Location

Interior

Exterior

Building

Others

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2160 8TH ST