Two-Unit Duplex with Private
1974 /76 Debbie St, Sarasota, FL 34231
For Sale
$396,000
Each residence has two bedrooms, one bathroom, a carport, and its own laundry facilities.
Property Size1,651 SF
Price / SF$239.85
Days on Market48
Property Features for 1974 /76 Debbie St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
private laundry
private backyard
screened lanai
Building Details
Year Built
Listing Agency:
BLUE SKY REAL ESTATE
Listed By:
John Werner, Nancy Werner
Source:
Whitesandsfl
Added: Sep 26
Changed: Nov 10
Last Checked: Oct 7 at 4:23PM
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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Investment Insights
Based on property information with market context.
This 1,651-square-foot duplex contains two separately rentable residences, each with two bedrooms and one bathroom. Both interiors have been updated, and each unit includes private laundry and a carport. One residence is occupied under a lease; the other is vacant and available to tour. The rear unit also has a screened lanai and private backyard. Professional property management is in place.
The property is in South Sarasota near Target, Publix, and other shopping and services. Siesta Key and the Gulf of Mexico are within easy reach. Wharf Road Park and Vamo Drive Park provide canoe and kayak launches to local waterways. The nearby Sarasota Square redevelopment is under active development and includes planned retail, restaurants, outdoor gathering areas, and residential development; its larger plan includes 355 residential units.
The property is in South Sarasota near Target, Publix, and other shopping and services. Siesta Key and the Gulf of Mexico are within easy reach. Wharf Road Park and Vamo Drive Park provide canoe and kayak launches to local waterways. The nearby Sarasota Square redevelopment is under active development and includes planned retail, restaurants, outdoor gathering areas, and residential development; its larger plan includes 355 residential units.
Key Highlights
- Two separately rentable units, each with 2 bedrooms and 1 bathroom
- 1,651 square feet; built in 1977
- One residence is occupied and the other is vacant and available to tour
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
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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
$363,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Sarasota, FL
Properties on Market for Duplexes in Sarasota
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, a carport, and its own laundry facilities.
Where is this duplex located?
The property is located at 1974 /76 Debbie St 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 separately rentable units, each with 2 bedrooms and 1 bathroom; 1,651 square feet; built in 1977; One residence is occupied and the other is vacant and available to tour
