Technical
Financial
Distress signals
Property profile

5900 Driftwood Ave Sarasota, FL 34231

OFF-MARKET
Apartment buildings
Property ID
US18-9975058
3,687 SF 0.34 ac lot Built 1952
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Property summary

AI-generated overview

This exceptional Sarasota triplex, located west of the trail and just a block from Sarasota Bay and Phillippi Estate Park, presents a unique investment opportunity. The property features a completely remodeled main house boasting over 1,700 square feet of living space, including three bedrooms, two bathrooms, a modern kitchen, open living area, an additional family room, impact windows, and a screened-in pool with bay views. A separate two-story guest house offers two large studio apartments, the upper unit featuring a balcony with bay views. The guest house has its own private driveway. Situated on two combined lots totaling nearly 15,000 square feet, this property provides ample space and privacy. The property's RMF2 zoning allows for various uses. Built in 1952 and extensively renovated in 2022, this 3,687 square foot property offers 3,375 square feet of net rentable space across three units. Currently rented month-to-month and offered turnkey-furnished, this property provides excellent potential for passive income. Its prime location, just 1.5 miles from the beach and a block from Phillippi Estate Park and local amenities, ensures high demand and strong rental potential. The property's proximity to new construction further enhances its value and desirability. This multi-generational living option or home office/studio opportunity is a rare find in this desirable Sarasota neighborhood.

Property profile

Verified
Property type Apartment buildings
Year built 1952
Total area 3,687 SF
Lot 0.34 ac (14,810 SF)
UPID US18-9975058

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5900 Driftwood Ave Sarasota, FL 34231
Sarasota metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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