FL
Sarasota
SARASOTA
34236
170 ROOSEVELT DRIVE 6
170 ROOSEVELT DRIVE 6, SARASOTA, FL 34236
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Listing Type
Multi Family
Listing Status
Active
29
$1,600,000

Home Details for 170 ROOSEVELT DRIVE 6

Price
$1,600,000
Type
Residential Income
Total Bathrooms
5
Square feet
294
Year built
1955
Lot size acres
0.9
County
Sarasota
MLS Listing#
A4670924
Hoa
595
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 < 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.

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Property Features
  • House Interior
    • Open Floorplan
    • Stone Counters
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
Listing Courtesy: RE/MAX ALLIANCE GROUP - 941-954-5454
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-04-20 08:30:22
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EXIT KING REALTY
1800 S. Tamiami Trail, Venice, FL 34293
Chet Hockett
License #: 3552572
Sales Representative
Office
941 497 6060
Agent
941 599 1042
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