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1760 Wisconsin Ln - Siesta Key Triplex - Weekly Rental Zoned 4 Unit Apartment Building Offered at $1,300,000 at a 5.19% Cap Rate Sarasota, FL 34239
Investment Highlights
- Gateway to Siesta Key
- Weekly Rentals allowed; city limits (7-day minimums)
- Separate Utility Meters - Tenants pay all utilities
Executive Summary
Siesta Key Triplex – Weekly Rental Zoned Investment Opportunity Concrete triplex in city limits featuring one 3BR/1BA unit with attached 1BR/1BA studio and two additional 1BR/1BA units. ALL units are tenant-occupied with immediate income potential; historical annual income reported at $80K–$100K. Zoned for weekly rentals in Siesta Key City Limits...allow short- or long-term rental flexibility. Property includes four electric and four water meters, with tenants paying utilities. Expenses are kept low and are primarily limited to taxes, insurance, and landscaping. Recent updates include A/C systems, water heaters, appliances, exterior lighting, security cameras, and landscaping. Features shared on-site laundry plus private laundry in the larger unit. Concrete construction makes this the perfect investment property close to the beach and in Evacuation Zone D. No flood insurance required! Prime location near Siesta Key Beach with easy access to shopping, dining, and public transportation. Approximately two blocks to the North Bridge. Add 1761 Siesta Dr to increase your income potential and begin your Siesta Key Portfolio or scale to a 7+ unit portfolio with a potential six-figure+ income gain. Why buy just one when you can buy both! Strong in-place income makes this a rare Siesta Key investment. Intended to be sold together. Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$79,800
|
$36.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,800
|
$36.69
|
| Taxes |
$4,070
|
$1.87
|
| Operating Expenses |
$3,800
|
$1.75
|
| Total Expenses |
$7,870
|
$3.62
|
| Net Operating Income |
$71,930
|
$33.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $79,800 |
| Annual Per SF | $36.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $79,800 |
| Annual Per SF | $36.69 |
| Taxes | |
|---|---|
| Annual | $4,070 |
| Annual Per SF | $1.87 |
| Operating Expenses | |
|---|---|
| Annual | $3,800 |
| Annual Per SF | $1.75 |
| Total Expenses | |
|---|---|
| Annual | $7,870 |
| Annual Per SF | $3.62 |
| Net Operating Income | |
|---|---|
| Annual | $71,930 |
| Annual Per SF | $33.07 |
Property Facts Under Contract
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Dining Room
- Island Kitchen
- Porch
- Smoke Free
- Window Coverings
Site Amenities
- Fenced Lot
- Recycling
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $2,500 | - |
| Studios | 1 | $1,350 | - |
| 1+1 | 2 | $1,600 | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2039-10-0001 | Total Assessment | $273,200 |
| Land Assessment | $255,100 | Annual Taxes | $4,070 ($1.87/SF) |
| Improvements Assessment | $18,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
2039-10-0001
Land Assessment
$255,100
Improvements Assessment
$18,100
Total Assessment
$273,200
Annual Taxes
$4,070 ($1.87/SF)
Tax Year
2025
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1760 Wisconsin Ln - Siesta Key Triplex - Weekly Rental Zoned
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