6610 Midnight Pass Road Unit 11, Sarasota, FL 34242
- $569,000
- 1
- BD
- 1
- BA
- 600
- SqFt
- Sold Price
- $569,000
- List Price
- $569,000
- Status
- Sold
- Days on Market
- 4
- Closing Date
- Sep 11, 2024
- MLS#
- A4620438
- Property Style
- Multi-Family
- Year Built
- 1956
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area
- 600
- Total Acreage
- Non-Applicable
- Building Name
- Ebbtide
- Monthly Condo Fee
- 650
- Legal Subdivision Name
- Ebbtide
- Community Name
- Ebbtide
- MLS Area Major
- Sarasota/Crescent Beach/Siesta Key
Property Description
Investor Alert! Let the numbers do the talking. *Gross revenue after tourist taxes was $71,189. *Occupancy in ’23 was 45 weeks. *All expenses are $19.1k, giving you a net of $52.4k, that’s a cap rate of over 9. EBBTIDE has some of the lowest HOA dues on the Key, and is one of the few properties on the Key that allow One Day Minimum Rentals - no need to miss a revenue producing day. Now for what you get. *A 600 sq ft 1 bedroom with 1 full bath with a washer/dryer. *Was renovated in 2020 with a new kitchen and furniture. The patio is 240 sq ft, and has a dedicated outdoor shower. It has deeded gulf beach access and use of the Association by the Sea heated saltwater pool. What the renters say – ‘Fantastic location’, ‘We love this spot’, 'Perfect Siesta Key getaway’. Check out the reviews on Airbnb- 202 reviews that average 4.95 out of 5! The location is outstanding. Ebb Tide is directly across Midnight Pass Rd from the Crescent Club, Capt. Curt’s, the Daiquiri Deck and everything in the south village. You can walk everywhere! The Siesta Key Trolly stops feet from your door, giving you a FREE ride to the north village and many other places on the Key. No need for a car here. This is perfect for an owner/operator or seamlessly fold it into your current rentals. Bookings so far this year are $61,142 (including $10K for the remainder of 2024, with 130 days to go. Call now to view this outstanding rental unit.
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Additional Information
- Taxes
- $5036
- Minimum Lease
- 1-7 Days
- HOA Payment Schedule
- Monthly
- Condo Fees
- $650
- Condo Fees Term
- Monthly
- Community Features
- Pool, Sidewalks, No Deed Restriction
- Property Description
- One Story
- Zoning
- RMF3
- Interior Layout
- Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Stone Counters, Thermostat, Window Treatments
- Interior Features
- Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Stone Counters, Thermostat, Window Treatments
- Floor
- Tile
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Lighting, Outdoor Grill, Outdoor Shower, Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Community
- Garage Features
- Assigned
- Water Access
- Beach, Beach - Access Deeded
- Pets
- Not Allowed
- Flood Zone Code
- AE
- Parcel ID
- 0108104011
- Legal Description
- UNIT 11 EBBTIDE
Listing courtesy of RE/MAX PLATINUM REALTY. 941-929-9090
Selling Office: RE/MAX PLATINUM REALTY.Mortgage Calculator
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