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170 ROOSEVELT DR #6 Sarasota, FL 34236 Active

UPDATED: 11/05/2025 10:02 AM ON MARKET: 19 days on market

$1,600,000

5 Baths294 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 294 sqft

Price per Sqft $5,442

Subdivision Pelican Gardens

MLS Listing ID A4670924

Construction Status Completed

HOA Fees $595/mo

HOA Y/N Yes

Annual Recurring Fee 7140.0

Year Built 1955

Annual Tax Amount $21,500

Lot Size 0.900 Acres

Acres 0.9

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Rare Income-Producing Portfolio on South Lido Key – 5 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 five 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 $113,255 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 2 – Updated | AC ~4 yrs | WH • Unit 6 – Updated | AC ~4 yrs | WH • Unit 10 – Updated | AC ~2 yrs | WH • Unit 11 – Updated | AC ~3 yrs | WH • Unit 12 – Updated | AC ~2 yrs | WH
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.

5 units. One unbeatable coastal investment. Opportunities like this do not come around often.