For Sale

Listed by Margaret Beshore from SRQ PROPERTIES

Source: Stellar MLS #A4558731

1393 40th Street, Sarasota, FL, 34234

$775,000

2780 sq. ft.
15525 sq. ft.

Duplex

•

30+ days on the market

What's around 1393 40th Street

About this property

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.

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