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    2029 Palm Ter Sarasota, FL 34231

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    For Sale
    $359,777

    Income-generating duplex with leases in place, convenient location.

    Lot size:
    0.23 Acres

    Property Features for 2029 Palm Ter

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1949

    Source: RELAX REALTY GROUP INC Agent Marc Pelletz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Producing Duplex Near US41

    This income-producing duplex is located just off US41 in South Sarasota. Each unit features 1 bedroom and 1 bathroom, with vinyl floors throughout (newly replaced on the left side) and some tile. The units include galley-style kitchens equipped with a refrigerator and range, and a door leading to the backyard. Each unit has a full-size bathroom with a shower. The property is currently under annual leases through September 2025 and July 2026, with combined gross rents of $2,545 per month. The electric is separately metered, while water is paid by the owner. The roof was replaced in 2022, and the hot water heaters were replaced in 2021. A/C is provided by window units. The property sits on a large lot, just under a 1/4 acre, and includes parking on both sides for each tenant. The backyard is fenced. The property is located in good school zones and is central to beaches, shopping, restaurants, good schools, golf, and more.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5294369
    Latitude
    27.2912566

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    FAQs

    What type of property is this?
    Duplex - Income-generating duplex with leases in place, convenient location.
    Where is this duplex located?
    The property is located at 2029 Palm Ter Sarasota, FL.
    What is the asking price?
    The asking price for this property is $359,777.
    What are key features of this property?
    This property features: - Income-producing duplex generating $2,545/month in gross rents with leases in place through Sept 2025 & July 2026.; - Roof replaced in 2022 and hot water heaters replaced in 2021.; - Located in South Sarasota, central to beaches, shopping, restaurants, and golf, just off US41.
    (941) 809-3869
    Request Owner's contact information
    2029 Palm Ter Sarasota, FL 34231
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    Sarasota, FL 34231
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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
    2029 Palm Ter Sarasota, FL 34231
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