Renovated Duplex with Month-to-Month
6201-6205 DRAW LANE Sarasota, FL 34238
6201-6205 DRAW LANE, Sarasota, FL, 34238
$549,900
For Sale
$549,900
Half Duplex - SARASOTA, FL
Property Size2,093 SF
Lot Size0.43 Acres
Price / SF$262.73
Days on Market162
Property Features for 6201-6205 DRAW LANE
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- RMF1
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room
- Parking features
- Garage, Garage - Attached
- Interior features
- Ninguno
- Appliances
- Garbage Disposer, Range, Refrigerator
- Standard status
- Active
- APN
- 0096020004
- Size
- 2,093 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5695.34
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1987
- Building materials
- Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
EXIT KING REALTY
(941) 497-6060
1804 Tamiami Trail S., Venice, FL
Listed by
Max Pereira · License #3483817
(978) 424-6530
Added: Feb 6 Checked: Jul 18 at 4:06 pm
MLS# N6142825
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated duplex offers two units, with each unit featuring two bedrooms and two bathrooms. The property is set up to generate current rental income, with both units occupied by tenants on month-to-month leases.
Located in Sarasota, the duplex is described as being in a non-flood zone and positioned near major access to I-75. It is also noted to be about 8.7 miles from Siesta Key Beach and within reach of shopping and dining options.
Zoned RMF1, the duplex sits on a 0.43-acre lot and is listed as having no HOA.
Located in Sarasota, the duplex is described as being in a non-flood zone and positioned near major access to I-75. It is also noted to be about 8.7 miles from Siesta Key Beach and within reach of shopping and dining options.
Zoned RMF1, the duplex sits on a 0.43-acre lot and is listed as having no HOA.
Key Highlights
- Duplex with 2 units; each unit has 2 bedrooms and 2 bathrooms
- Both units have been renovated and have month‑to‑month tenants in place
- Central heating and central air conditioning
Local 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 | $41.4k | $19.80 |
| − Vacancy | −$2.2k | −$1.03 |
| EGI | $39.3k | $18.77 |
| − OpEx | −$11.8k | −$5.63 |
| NOI | $27.5k | $13.14 |
2,093 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$392.8K
$343.7K – $458.3K
NOI $27,495 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$361.8K
$316.6K – $422.1K
NOI $25,325 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$615.5K
$538.6K – $718.1K
NOI $43,084 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated two-unit duplex with tenants on month-to-month leases in a non-flood zone.
Where is this duplex located?
The property is located at 6201-6205 DRAW LANE Sarasota, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Duplex with 2 units; each unit has 2 bedrooms and 2 bathrooms; Both units have been renovated and have month‑to‑month tenants in place; Central heating and central air conditioning
