For Sale
$1,125,000

5900 Driftwood AveSarasota, FL 34231

West of Trail, Bayfront Triplex, Turnkey

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Sarasota triplex, located west of the trail and just a block from Sarasota Bay and Phillippi Estate Park, presents a unique investment opportunity. The property features a completely remodeled main house boasting over 1,700 square feet of living space, including three bedrooms, two bathrooms, a modern kitchen, open living area, an additional family room, impact windows, and a screened-in pool with bay views. A separate two-story guest house offers two large studio apartments, the upper unit featuring a balcony with bay views. The guest house has its own private driveway. Situated on two combined lots totaling nearly 15,000 square feet, this property provides ample space and privacy. The property's RMF2 zoning allows for various uses. Built in 1952 and extensively renovated in 2022, this 3,687 square foot property offers 3,375 square feet of net rentable space across three units. Currently rented month-to-month and offered turnkey-furnished, this property provides excellent potential for passive income. Its prime location, just 1.5 miles from the beach and a block from Phillippi Estate Park and local amenities, ensures high demand and strong rental potential. The property's proximity to new construction further enhances its value and desirability. This multi-generational living option or home office/studio opportunity is a rare find in this desirable Sarasota neighborhood.

Highlights

  • $1,125,000 asking price for a three-unit multifamily property.
  • 3,687 total square feet, 3,375 net rentable square feet.
  • Three units in two buildings on a 0.34-acre lot.
  • Built in 1952, renovated in 2022.
  • Located at 5900 Driftwood Ave, Sarasota, FL 34231 (APN: 0105080081), one block from Sarasota Bay and Phillippi Estate Park.
  • RMF2 zoning.

Property Details for 5900 Driftwood Ave

Property type
Apartment buildings
Square Feet
3,687 SF
Year Built/Renovated
1952/2022
Buildings
2
Stories
1
Lot Size (sq. ft)
14,810 SF
Units
3

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.266220308357
Longitude
-82.53454795156
5900 Driftwood Ave, Sarasota, Florida

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5900 Driftwood Ave
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