Professionally Managed
2034 PINE TERRACE Sarasota, FL 34231
New
For Sale
$416,777
Pending
Professionally managed, income-producing duplex with full occupancy in Sarasota.
Property Size2,072 SF
Days on Market6
Property Features for 2034 PINE TERRACE
General Information
Standard status
Pending
Size
2,072 SF
Property subtype
Duplex
Building Details
Year Built
1958
Listing Agency:
RELAX PROPERTY GROUP, LLC
(941) 923-7200
Listed By:
Dane Peterson · License #3346860
Source:
Miharaandassociates
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 9:55PM
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 RELAX PROPERTY GROUP, LLC
Investment Insights
Based on property information with market context.
This income-producing duplex is a professionally managed, fully occupied block duplex. It is currently producing rental income with all units occupied.
The property is centrally located in Sarasota, Florida.
Offered for sale at 2034 Pine Terrace, the duplex presents a straightforward residential income option in a managed, fully occupied configuration.
The property is centrally located in Sarasota, Florida.
Offered for sale at 2034 Pine Terrace, the duplex presents a straightforward residential income option in a managed, fully occupied configuration.
Key Highlights
- Professionally managed duplex income property
- Fully occupied with full occupancy
- Year built: 1958
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 | $41.0k | $19.80 |
| − Vacancy | −$2.1k | −$1.03 |
| EGI | $38.9k | $18.77 |
| − OpEx | −$11.7k | −$5.63 |
| NOI | $27.2k | $13.14 |
2,072 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.8K
$340.2K – $453.7K
NOI $27,219 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$358.2K
$313.4K – $417.9K
NOI $25,071 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$609.3K
$533.2K – $710.9K
NOI $42,652 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Professionally managed, income-producing duplex with full occupancy in Sarasota.
Where is this duplex located?
The property is located at 2034 PINE TERRACE Sarasota, FL.
What is the asking price?
The asking price for this property is $416,777.
What are key features of this property?
This property features: Professionally managed duplex income property; Fully occupied with full occupancy; Year built: 1958
