185 Faubel St - Residential Income FOR SALE


Sarasota, FL 34242
$1,850,000 USD
321-474-1746
185 Faubel St, Sarasota, FL for Sale
$1,850,000 USD
Residential Income - FOR SALE
1/23
null | Request Cap Rate

185 Faubel St
Sarasota, FL 34242


OVERVIEW

This spacious, beautiful pool home is ideally located on the North End of Siesta Key, just a short bike ride to Siesta Key Village and the number 1 ranked beach in the United States. On it's oversized .35 acre lot, this five bedroom home (one non-conforming) has ample areas for living and entertaining, a large kitchen with stainless steel appliances and a breakfast bar, a backyard with a private pool, hot tub, and plenty of additional space to relax and enjoy the outdoors. Situated just within city limits, weekly rentals are permitted and provide a huge advantage over many other Siesta rentals. The home is currently leased until September 2024, at which point the new owner could raise rent and continue to lease out long term, convert to an Airbnb (and likely double the income) or move in and use the home as a primary or secondary residence. Perfect for 1031 exchange, owner occupy, or start/add to a portfolio. Priced on the lower end of the average Siesta Key price per square foot, this is a great investment opportunity. With inventories low and great properties with optionality hard to find, this is sure to sell quickly. If interested, please contact us for more information. Thanks!

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$489 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Income Producing Siesta Key Pool Home

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

RSF1

APN/PARCEL ID

2019-11-0031

ASK ABOUT THIS PROPERTY

Jeff ManningGreen Co InvestmentsMore Info
321-474-1746

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Jeff ManningGreen Co InvestmentsMore Info
321-474-1746

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.