Under Construction. Under Construction, will be completed in August. Brand new duplex condo construction directly across from Siesta Key
beach! Each unit is deeded separate. Can be sold separate. This is as good as it gets. Two, 3 bdrm, 2 1/2 bath units that can be rented nightly. Built beyond the highest standards. Poured concrete and block. Steel interior studs. Not cheap wood construction !! 10 ft ceilings. Sprinkled, Cat 6 internet. Quartz counters in kitchens and baths. State of the art flooring. LED’s throughout. Washer/dryer, rooftop hot tubs with spectaculargulf views, enclosed garages and private elevator for each unit. A short walk to Siesta Key village. Purchase both or individually. Estimated net rentals $112k to $146k per side. With very little new construction these are must see units. Call today for appointment. Your dream home or investment awaits. Estimated expenses and Rental PER UNIT as follows.$3500 per week in off season of May 1- November 30 excluding Holliday weeks.
$5900 a week during High Season and Holiday periods.
I anticipate expenses of
$1000 per month for real estate tax
$500 per month insurance
$200 internet and cable
$2550 per month expenses. X 12= $27,000 annual expenses
$5900 x 22 weeks of High Season $129,800
$3500 x 30 weeks of low season
$234,800 potential revenue
$164,360 gross revenue -15% commission.
$139,706 net revenue
$112,706 net before debt service
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on September 29th, 2020 at 1:15pm EDT.