Duplex with Private
For Sale
$396,000
Pending
1974/76 DEBBIE STREET, Sarasota, FL 34231
Two separately rentable homes include individual carports, with one unit vacant and available to tour.
Property Size1,651 SF
Days on Market31
Property Features for 1974/76 DEBBIE STREET
General Information
Standard status
Pending
Size
1,651 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private laundry
carport
private backyard
screened lanai
Building Details
Year Built
1977
Listing Agency:
BLUE SKY REAL ESTATE
(941) 587-3492
Listed By:
John Werner · License #3213061
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 23
Changed: Oct 21
Last Checked: Oct 23 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BLUE SKY REAL ESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This South Sarasota duplex contains two updated residences, each with two bedrooms, one bathroom, and private laundry. The property totals 1,651 square feet. One unit is occupied under a lease, while the second is vacant and can be viewed. Professional management is already in place. Both residences have carports; the rear home also features a screened lanai and private backyard.
Daily shopping and services, including Target and Publix, are nearby. Wharf Road Park and Vamo Drive Park provide canoe and kayak launches, and Siesta Key and the Gulf of Mexico are within reach. The property is also near the Sarasota Square redevelopment, which includes planned retail, restaurants, outdoor gathering areas, and 355 residential units.
Daily shopping and services, including Target and Publix, are nearby. Wharf Road Park and Vamo Drive Park provide canoe and kayak launches, and Siesta Key and the Gulf of Mexico are within reach. The property is also near the Sarasota Square redevelopment, which includes planned retail, restaurants, outdoor gathering areas, and 355 residential units.
Key Highlights
- Two 2‑bedroom, 1‑bath residences in a 1,651‑square‑foot duplex
- One unit is vacant and available for an interior tour; the other is occupied under a lease
- Private laundry and a carport in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,873
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,460
$337.5K
Cap Rate 7%
$241,043
$241.0K
Cap Rate 9%
$187,478
$187.5K
Market Conditions
NOI Build-Up for 1,651 SF
Gross rent
$26.7K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$24.1K $14.60/SF
− OpEx
−$7.2K −$4.38/SF
NOI
$16.9K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,460
Cap Rate 7%
$241,043
Cap Rate 9%
$187,478
Alternative Uses
Best Use
Multifamily LT 5
$241.0K
$210.9K – $281.2K
NOI $16,873 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$214.8K
$188.0K – $250.6K
NOI $15,036 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately rentable homes include individual carports, with one unit vacant and available to tour.
Where is this duplex located?
The property is located at 1974/76 DEBBIE STREET Sarasota, FL.
What is the asking price?
The asking price for this property is $396,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residences in a 1,651‑square‑foot duplex; One unit is vacant and available for an interior tour; the other is occupied under a lease; Private laundry and a carport in each residence
