The "Siesta Gateway Estates" is a rare 2002 masonry construction apartment complex, with 5 garages, positioned just before the South Bridge access to Siesta Key. The property is located within minutes of public beach access connected to Siesta Beach, only 450 feet from the 24-acre “Siesta Promenade” development, and "West of the Trail" (West of Route 41/Tamiami Trl). Each floor in each building contains 1, 484 SF of living area and a total of 3 Bedrooms & 3 Bathrooms. However, the property was uniquely built with connecting doors on each floor, providing the rare flexibility to transform the floorplan with opening & closing the adjoining door. Closed, it becomes 2 units, consisting of a large 2 Bedroom / 2 Bathroom unit and a 1 Bedroom / 1 Bathroom unit. Opened, the floorplan converts into a huge 3 Bedroom / 3 Bathroom Unit! The property currently operates with the connecting doors closed, equating to 2 units per floor or 4 units per building, for a total of 8 units. The S.C. Property appraiser site currently exhibits 2 units per building, for a total of 4 units, however, all existing tenants have month to month lease terms! View property "Offering Memorandum" for full details!
