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Description
Expired - Multi Family for sale
Note: This property is not currently for sale or for rent on beycome. The description below may be from a previous listing.
Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features two spacious 3-bedroom, 2-bathroom units (one upstairs, one downstairs), with an impressive $393,000 gross income in 2023 and $350,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2024-2025), modernized plumbing (2024), electrical (2022), and refreshed hot tubs (2021). What sets this opportunity apart is its CG zoning with a special exemption for nightly rentals—a rare advantage that not only protects your rental business but also unlocks significant development potential. Future possibilities include constructing an 85-foot building with ground-floor parking, 11 two-bedroom units, and a stunning rooftop pool. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a 10% management fee with all staff staying in place. Can by purchased as a portfolio along with 6550 Sabal Drive.
Listing Agent
Reference: BEYC17075168
Status: Expired
Location
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Facts and features
Structure
Tax
Score
Affordability
Monthly expenses $18,838
Mortgage $17,719
Property Tax $1,120
HOA Fee $0
Homeowners Insurance $0
Due at Close $2,788,850
Minimum down payment $86,700
Closing costs $43,350
beycome Credit Est. $57,800
Estimated values only. Terms vary by lender and location.
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright Beycome ©2026. Based on information as of May 07, 2026 at 02:49pm EDT.
