Contact
Tell us about your needs

170 ROOSEVELT DRIVE UNIT 6

Multi-family For Sale
$1,600,000

BTC: 53.33333333

ETH: 800.00000000

31 days
0 room(s)
294 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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 < 6 yrs • Unit 6 – Updated | AC ~4 yrs | WH < 6 yrs • 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 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.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1955
Lot:
0.90 Acres
Heating:
Central
Price/sqft:
$5,442
Cooling:
Central Air
HOA:
$595
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Open Floorplan

    • Solid Wood Cabinets

    • Stone Counters

    • Thermostat

    • Window Treatments

  • Property

    • Exterior Features: Courtyard / Fenced / Garden / Storage

    Lot

    • Lot: 0.90 Acres

    Other Property Information

    • Parcel Number: 2016144006

    • Zoning: RMF3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Public

  • Other financial information

    • HOA: $595

    • HOA Frequency: Monthly

    • Annual tax amount: $21,500

  • Source details

    • MLS ID: A4670924

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Other Structures: Storage

    • Living Area: 294

    • Water Source: Public

    • Subdivision Name: PELICAN GARDENS

Similar Homes

360 GULF OF MEXICO DRIVE UNIT 332 placeholder 360 GULF OF MEXICO DRIVE UNIT 332
New
For Sale
Condo/Co-op
$1,749,000
3 bds 3 ba 2,949 sqft
360 GULF OF MEXICO DRIVE UNIT 332
33 S PALM AVENUE UNIT 1503 placeholder 33 S PALM AVENUE UNIT 1503
1 days
For Sale
Condo/Co-op
$1,525,000
2 bds 2 ba 1,122 sqft
33 S PALM AVENUE UNIT 1503
4839 PRIMROSE PATH placeholder 4839 PRIMROSE PATH
1 days
For Sale
Lots/Land
$1,398,000
0 room(s)
4839 PRIMROSE PATH
1111 N GULFSTREAM AVENUE UNIT 12C placeholder 1111 N GULFSTREAM AVENUE UNIT 12C
2 days
For Sale
Condo/Co-op
$1,250,000
2 bds 2 ba 1,736 sqft
1111 N GULFSTREAM AVENUE UNIT 12C
3455 ANGLIN DRIVE placeholder 3455 ANGLIN DRIVE
4 days
For Sale
House
$1,599,900
3 bds 3 ba 2,558 sqft
3455 ANGLIN DRIVE
356 ISLAND CIRCLE placeholder 356 ISLAND CIRCLE
4 days
For Sale
House
$1,750,000
3 bds 3 ba 1,448 sqft
356 ISLAND CIRCLE
50 CENTRAL AVENUE UNIT 14D placeholder 50 CENTRAL AVENUE UNIT 14D
7 days
For Sale
Condo/Co-op
$1,595,000
2 bds 2 ba 1,697 sqft
50 CENTRAL AVENUE UNIT 14D
1434 LADUE LANE placeholder 1434 LADUE LANE
7 days
For Sale
House
$1,895,000
4 bds 3 ba 3,466 sqft
1434 LADUE LANE

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX ALLIANCE GROUP