1132 CRESCENT ST Pending Save Request In-Person Tour Request Virtual Tour
Sarasota,FL 34242
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,174 sqft
Price per Sqft $1,107
Subdivision Point Of Rocks Terrace Add
MLS Listing ID A4628096
Year Built 1956
Annual Tax Amount $6,256
Lot Size 8,712 Sqft
Property Description
Under contract-accepting backup offers. Exceptional investment opportunity in a prime location! Just steps away from the iconic Siesta Key Beach, this property is zoned for residential multi-family use and offers excellent short-term rental potential with a 7-day minimum. Imagine building a brand-new, high-earning duplex to generate steady income all year. County approval is already secured for a new duplex, and the current structure is set up as a duplex house with separate electrical panels and two private lanais. The property sustained significant flood damage from the recent hurricanes, resulting in the removal of all kitchen appliances. It currently requires extensive repairs, or you have the option to start fresh with a complete rebuild.
The oversized pool adds fantastic appeal and convenience, complete with a recently installed motor, and the fully fenced backyard offers a private oasis for relaxation. With two generous driveways that fit up to 10 cars, plus a paved backyard perfect for gatherings and entertainment, this property is designed for relaxation. The property is in walking distance from the beach. Siesta Key enjoys a strong vacation rental market as the top-rated beach in the U.S., investment properties are in high demand. Vacationers enjoy the free Siesta Key Breeze Trolley that stops just next door and offers transportation to the Village.
This is the most competitively priced multi-family property on the Key—don't let this incredible opportunity pass by!
Location
State FL
County Sarasota
Community Point Of Rocks Terrace Add
Interior
Heating Central,Wall Units / Window Unit
Cooling Central Air
Flooring Terrazzo,Travertine
Laundry Inside
Exterior
Exterior Feature Irrigation System
Parking Features Driveway
Pool Gunite,In Ground
Utilities Available Cable Available,Cable Connected,Electricity Available,Electricity Connected,Fire Hydrant,Public,Sewer Connected
View Pool
Roof Type Membrane,Other
Building
Lot Description FloodZone,City Limits,Near Public Transit,Paved
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Phillippi Shores Elementary
Middle Schools Brookside Middle
High Schools Sarasota High
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None