993 GARY STREET Sarasota, FL 34234
Duplex - SARASOTA, FL
Property Features for 993 GARY STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RMF3
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Carport
- Pets allowed
- Cats OK, Dogs OK, Yes
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, Solid Surface Counters, Window Treatments
- Exterior features
- Dog Run, Fence, Private Entrance, Private Mailbox, Private Yard
- Fencing
- Fenced
- Appliances
- Dryer, Garbage Disposer, Microwave, Range, Refrigerator
- Standard status
- Pending
- APN
- 2004070041
- Size
- 1,679 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5119.21
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1958
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Metal
- Architectural style
- Other
- Additional Structures
- Kennel/Dog Run
Listing agent Marius Mocan License #3517085 (503) 858-3756
Listing office DALTON WADE INC 260 1st Ave S. Suite 200, St. Petersburg, FL (888) 668-8283
Listing date May 22, 2026
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.
Key Highlights
- Exceptional income‑producing duplex with multiple income strategies possible.
- Located in desirable Flood Zone X (no flood insurance required) within Sarasota city limits.
- Major capital improvements completed within the past seven years including roof, dual HVAC systems, and water heaters.
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 | $33.2k | $19.80 |
| − Vacancy | −$1.7k | −$1.03 |
| EGI | $31.5k | $18.77 |
| − OpEx | −$9.5k | −$5.63 |
| NOI | $22.1k | $13.14 |
