Wade M. Berlin

LOCATION LOCATION LOCATION! Sarasota's hottest zip code is Presenting a strong multifamily investment opportunity just minutes from Siesta Key, this 5 unit hotel/ motel property offers current income, flexible rental options, and long term upside in one of Sarasotas most desirable rental markets. Located in a non flood zone approximately 4 miles from Siesta Key Beach, the property is well positioned for long term tenants, seasonal rentals, or potential short term rental strategies. The building includes five 2 bedroom, 1 bath units, each offering broad tenant appeal and turnkey convenience. Long term tenants are currently in place, while the property has the availability to hold a motel/hotel license, creating additional flexibility for future ownership and rental operations. Investor friendly features include individually metered utilities, public water and sewer, paved parking, no required flood insurance, and reported general liability insurance of approximately $460. Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, updated bathrooms, major plumbing replacement completed in 2009 and 2010, roof replacement in 2014, blown in roof insulation. The property also offers private amenities that help set it apart from typical multifamily options, including a heated and cooled swimming pool, screened patio room, and tropical outdoor space designed to enhance tenant or guest enjoyment. With current income, multiple rental strategy options, turnkey units, and a prime Sarasota location near Siesta Key, this property is a compelling opportunity for investors seeking cash flow, flexibility, and long term appreciation potential. Schedule your private showing today.