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    170 Roosevelt Dr Sarasota, FL 34236

    For Sale
    $1,600,000

    Multi Family - SARASOTA, FL

    Property size:
    294 SF
    Lot size:
    0.90 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 11 at 5:06 am

    Property Features for 170 Roosevelt Dr

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    RMF3
    APN
    2016144006
    Pets allowed
    No
    Interior features
    Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
    Exterior features
    Courtyard, Fence, Garden, Storage
    Fencing
    Fenced
    Size
    294 SF
    Lot size
    0.90 Acres

    Taxes and HOA fees

    Expense value
    595
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Number of units
    5
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    RE/MAX Alliance Group (941) 954-5454 [email protected]

    Listing agent Joey Lamielle (941) 954-5454 License #3266793

    Listing date Nov 4, 2025

    MLS# A4670924 Listing URL

    Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lido Key Income-Producing Portfolio

    This offering features a fully operating short-term rental portfolio on South Lido Key, comprising five updated studio units within a beachside community. The property is located steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked. The condos have a 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. The property includes a community pool and sliding glass access private patios for each unit. Interiors have been updated, and major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio. Unit 2 has been updated with AC approximately 4 years old and a water heater less than 6 years old. Unit 6 has been updated with AC approximately 4 years old and a water heater less than 6 years old. Unit 10 has been updated with AC approximately 2 years old and a water heater less than 6 years old. Unit 11 has been updated with AC approximately 3 years old and a water heater less than 3 years old. Unit 12 has been updated with AC approximately 2 years old and a water heater less than 3 years old. The property is situated on a lot with a size of 0.9 acres and contains 294 square feet of space. The property is zoned RMF3 and is intended for use as short term rentals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.571252
    Latitude
    27.308397

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    FAQs

    What type of property is this?
    Apartment building - Turnkey short-term rental portfolio on South Lido Key.
    Where is this apartment building located?
    The property is located at 170 Roosevelt Dr Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Proven income-producing portfolio averaging $38,470 gross income per unit in 2024.; - High net income of $113,255 annually after expenses.; - Prime Lido Key location, steps from beach access and a short distance to St. Armands Circle.
    (941) 954-5454
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    170 Roosevelt Dr Sarasota, FL 34236
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    Sarasota, FL 34236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    170 Roosevelt Dr Sarasota, FL 34236
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