$1,600,000
170 Roosevelt Drive #6, Sarasota, FL 34236
$1,600,000
170 Roosevelt Drive #6 Sarasota, FL 34236
For Sale MLS# A4670924
5 baths 294 sq ft Multi-family
Details for 170 Roosevelt Drive #6
MLS# A4670924
Description for 170 Roosevelt Drive #6, Sarasota, FL, 34236
Rare Income-Producing Portfolio on South Lido Key – 5 Turnkey STR Units A rare opportunity to acquire a fully operating short-term rental portfolio on South Lido Key, one of Sarasota’s most coveted coastal markets. This offering includes five updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year-round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38,470 per unit and portfolio-wide net income of $113,255 after HOA, taxes, utilities, and cleaning expenses. This is a cash-flowing, turnkey asset in a high-barrier-to-entry vacation rental market. The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind. Unit Renovation & Mechanical Summary: • Unit 2 – Updated AC ~4 yrs WH < 6 yrs • Unit 6 – Updated AC ~4 yrs WH < 6 yrs • Unit 10 – Updated AC ~2 yrs WH < 6 yrs • Unit 11 – Updated AC ~3 yrs WH < 3 yrs • Unit 12 – Updated AC ~2 yrs WH < 3 yrs This type of offering is rarely available — a multi-unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self-manage, or explore value-add improvements and dynamic pricing to further enhance returns. 5 units. One unbeatable coastal investment. Opportunities like this do not come around often.
Listing Information
Property Type: Residential, Multi Family
Status: Active
Bathrooms: 5
Lot Size: 0.90 Acres
Square Feet: 294 sq ft
Year Built: 1955
Construction: Block
Construction Display: New Construction
Subdivision: Pelican Gardens
Foundation: Slab
Number Of Units Total: 5
County: Sarasota
Construction Status: New Construction
Additonal Room Information
Laundry: Inside
Interior Features
Doors/Windows: Window Treatments
Additional Interior Features: Ceiling Fan(s), Open Floorplan, Stone Counters, Wood Cabinets, Window Treatments, Built-in Features
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Municipal Utilities
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Exterior / Lot Features
Roof: Shingle
Lot View: Garden,Trees/Woods
Additional Exterior/Lot Features: Courtyard, Fence, Garden, Storage
Out Buildings: Storage
Community Features
Homeowners Association: Yes
HOA Dues: $595 / Monthly
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 38470
Unit 1 Baths Total: 1
Unit 2 Units Total: 1
Unit 2 Actual Rent: 38470
Unit 2 Baths Total: 1
Unit 3 Units Total: 1
Unit 3 Actual Rent: 38470
Unit 3 Baths Total: 1
Unit 4 Units Total: 1
Unit 4 Actual Rent: 38470
Unit 4 Baths Total: 1
Unit 5 Units Total: 1
Unit 5 Actual Rent: 38470
Unit 5 Baths Total: 1
Driving Directions
Once you are on Lido go around the circle and take the second exit heading to the beach. Stay on that road past beach and turn left on Roosevelt Dr and community is on the right.
Financial Considerations
Terms: Cash,Conventional
Gross Income: 192350
Tax/Property ID: 2016144006
Tax Amount: 21500
Tax Year: 2024
A broker reciprocity listing courtesy: RE/MAX ALLIANCE GROUP
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 170 Roosevelt Drive #6
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 170 Roosevelt Drive #6
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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