Indian Beach Multifamily

$2,200,000

941 Virginia Dr Sarasota, FL 34234

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About this listing

PROPERTY HIGHLIGHTS
4 separate suites and income opportunities Prime location in Indian Beach only a block from the Sarasota Bayfront Flexible rental options to suit various needs NOT in a flood zone Named #1 “Romantic Property with Pool” in Sarasota by Trip101 magazine 2021 - 2024 Well established property with 9 years on Vrbo and Airbnb and with several repeat clients Over 400 five star reviews resulting in top-tier listing placement on both platforms Recognized by Sarasota City Council as an example of a vacation rental doin things right Nestled in the vibrant Indian Beach Sarasota area Enviable location surrounded by a wealth of attractions Just moments away from the renowned cultural scene of downtown Sarasota The prime location ensures an enticing living experience for residents and presents a promising investment opportunity

Nestled in the vibrant Indian Beach Sarasota area, this property offers an enviable location surrounded by a wealth of attractions. Just moments away from the renowned cultural scene of downtown Sarasota, residents will have easy access to the Ringling Museum, the Van Wezel Performing Arts Hall, and the vibrant dining and shopping options of St. Armands Circle. With its proximity to the stunning Gulf Coast beaches, including Lido Beach and Siesta Key, the location presents a compelling lifestyle.

PROPERTY DESCRIPTION
Well-established 4 suite vacation rental and incredible INCOME OPPORTUNITY! Vintage elegance meets modern convenience in this stunning property located in the coveted Indian Beach neighborhood, just a block from a picturesque Sarasota Bayfront park. This unique income opportunity boasts established rental units that promise not only charm but also incredible income potential with 9 years of repeat vacation rental clients and over 400 five star reviews. The property offers flexible rental options to suit various needs: monthly rentals for long-term residents, short-term leases for temporary stays, or the opportunity to maximize income by renting out all four units as vacation rentals. Step into history with stone porches, arched doorways, cypress paneling, and beamed ceilings exuding character at every turn. The main residence features two bedrooms and one-and-a-half baths along with an inviting office space and access to a private backyard sanctuary. Complementing this living space is the pristine onebedroom In-Law suite with private entrance praised by guests for its allure. Here lies a tranquil escape complete with its own heated pool, spa and tropical lanai—an oasis of relaxation. Additionally, discover a separate two-bedroom accessory dwelling unit boasting exclusive amenities like its own private pool and spa—a haven of tranquility awaiting your presence. Recently expanded to include a brand new fully permitted onebedroom suite. Each unit stands as an individual retreat ensuring utmost privacy.

  • NOI

    $221,449

  • Lot Area

    15,969 sqft

  • Units

    4

  • Year Built

    1945

  • Zoning

    RMF-2

  • Floors

    1

  • Parking Spots

    4

  • Year Last Renovated

    2017

DESCRIPTION

  • • Tax Roll Number: 2005150048
  • • Gross Income: $ 287518.0
  • • Max Contiguous Area: 3687.0
  • • Special Market: International Properties
  • • Rooms: Media Room / Home Theater
  • • Cooling: A/C

DOCUMENTS

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