USAFLSarasotaPelican Gardens10-170 Roosevelt Dr

Virtual Tour

$1,300,000

For Sale

9 months ago

10 - 170 Roosevelt Dr, Sarasota, FL

House

MLS® A4670924

0 Bed

4 Bath

294 sqft

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 294 sqft

Garage

Taxes $21,500

Days Active 284

Lot Size 0.9 Acres

Approx. Age 1955

Avg. Price Per Sqft $4,421

MLS® Number A4670924

Property Address: 10-170 Roosevelt Dr, Sarasota, FL, 34236-2246

Average square foot calculated using Size range provided by listing agent.

Description

Rare Income-Producing Portfolio on South Lido Key – 4 Turnkey STR Units A rare opportunity to acquire a fully operating short-term rental portfolio on South Lido Key, one of Sarasota’s most coveted coastal markets. This offering includes 4 updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year-round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38, 470 per unit and portfolio-wide net income of $85804 after HOA, taxes, utilities, and cleaning expenses. This is a cash-flowing, turnkey asset in a high-barrier-to-entry vacation rental market. The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind. Unit Renovation & Mechanical Summary: • Unit 10 – Updated | AC ~2 yrs | WH < 6 yrs • Unit 11 – Updated | AC ~3 yrs | WH < 3 yrs • Unit 12 – Updated | AC ~2 yrs | WH < 3 yrs Unit 6 - Updated AC is 3 years and WH is 3 years This type of offering is rarely available — a multi-unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self-manage, or explore value-add improvements and dynamic pricing to further enhance returns. 4 units. One unbeatable coastal investment. Opportunities like this do not come around often.

MLS® NumberA4670924

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1955

Basement

Driveway

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Nov 4, 2025List Date

$1,300,000List Price

Commute

Commute

Starting Address

Destination Address

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