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1393 40th Street

Sarasota FL 34234

2780 sq. ft.
15525 sq. ft.
Duplex
Currently for sale - view listing

Overview

Desirable multifamily property with huge upscale potential, in walking distance to Ringling Collage. Two buildings #1393 & 1395, on three parcels, one mostly undeveloped. Originally WWll US Army barracks, converted to 4 charming apartments with vintage vibes. Current loss-to-lease is $2,295/month- simply pushing existing leases to market yields an additional 3% ROI-and there is the ability to further increase revenue with modest renovations. The property has lush low maintenance landscaping and a separate structure with laundry equipment.

Features

2780 sq. ft. floor area
15525 sq. ft. lot size
Duplex

Happy sellers in Sarasota

94%
94% of sellers in Sarasota reported that their sale price either exceeded or met their price expectations.

Sarasota stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Sarasota over the last 12 months.

Local market activity for duplexes in Sarasota

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