About 170 Roosevelt Drive 10
Rare Income-Producing Portfolio on South Lido Key – 4 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 4 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 $85804 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 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 Unit 6 - Updated AC is 3 years and WH is 3 years 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. 4 units. One unbeatable coastal investment. Opportunities like this do not come around often.
Features of 170 Roosevelt Drive 10
| MLS® # | A4670924 |
|---|---|
| Price | $1,300,000 |
| Bathrooms | 4.00 |
| Square Footage | 294 |
| Acres | 0.90 |
| Year Built | 1955 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Listing Details
| Office | RE/MAX ALLIANCE GROUP |
|---|
Listing Map
Neighborhood Information for 170 Roosevelt Drive 10
Very Rapid Population Growth, Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Out-Of-Door Academy Private - Preschool to 5Th Grade - Closest Elementry School |
2 Miles | |
|
Southside Elementary School Public - Kindergarten to 5Th Grade |
2 Miles | |
|
Sarasota School Of Arts/Sciences Public - 6Th Grade to 8Th Grade |
3 Miles | |
|
|
Sarasota High School Public - 9Th Grade to 12Th Grade - Closest High School |
3 Miles | |
|
|
Phillippi Shores Elementary School Public - Kindergarten to 5Th Grade |
3 Miles | |
|
Brookside Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
3 Miles | |
|
|
Sarasota Military Academy Public - 9Th Grade to 12Th Grade |
3 Miles |
School data provided by GreatSchools