Two-Unit Income Duplex
2011 OUTER DRIVE Sarasota, FL 34231
For Sale
$499,000
Newer duplex-style residence offers a 2-bedroom, 2-bath main unit plus a separate 1-bedroom, 1-bath studio with private entrance.
Property Size1,490 SF
Price / SF$334.90
Days on Market14
Property Features for 2011 OUTER DRIVE
General Information
- Standard status
- Active
- Size
- 1,490 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2017
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Justin Vitalo · License #3597914
Source:
Dennisrealty
Added: Jul 11
Changed: Jul 21
Last Checked: Jul 23 at 5:34AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This corner-lot, newer construction duplex-style home is configured for owner-occupancy with separate rental income potential. The main residence features an open-concept, split floor plan with 2 bedrooms and 2 bathrooms, including an in-house laundry area and a primary suite with a walk-in closet and ensuite. A 2-car garage provides enclosed parking and additional storage.
The second component is a fully separate 1-bedroom, 1-bath studio with its own private entrance, a kitchenette, and an included bathroom, allowing independent use. The property is sold fully furnished and turnkey.
Reported improvements include impact-rated windows, updated plumbing, and updated electrical systems, supporting a low-maintenance ownership experience. The home is located about 10 minutes from downtown Sarasota and Siesta Key.
The second component is a fully separate 1-bedroom, 1-bath studio with its own private entrance, a kitchenette, and an included bathroom, allowing independent use. The property is sold fully furnished and turnkey.
Reported improvements include impact-rated windows, updated plumbing, and updated electrical systems, supporting a low-maintenance ownership experience. The home is located about 10 minutes from downtown Sarasota and Siesta Key.
Key Highlights
- 2017‑built corner lot home with impact‑rated windows, updated plumbing, and updated electrical systems
- Main residence offers 2 beds and 2 baths with open‑concept, split floor plan and in‑house laundry
- Primary suite includes a walk‑in closet and ensuite bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.5k | $19.80 |
| − Vacancy | −$1.5k | −$1.03 |
| EGI | $28.0k | $18.77 |
| − OpEx | −$8.4k | −$5.63 |
| NOI | $19.6k | $13.14 |
1,490 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$279.6K
$244.7K – $326.2K
NOI $19,573 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$257.6K
$225.4K – $300.5K
NOI $18,029 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$438.2K
$383.4K – $511.2K
NOI $30,671 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newer duplex-style residence offers a 2-bedroom, 2-bath main unit plus a separate 1-bedroom, 1-bath studio with private entrance.
Where is this duplex located?
The property is located at 2011 OUTER DRIVE Sarasota, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2017‑built corner lot home with impact‑rated windows, updated plumbing, and updated electrical systems; Main residence offers 2 beds and 2 baths with open‑concept, split floor plan and in‑house laundry; Primary suite includes a walk‑in closet and ensuite bath
