6550 SABAL DRIVE, Siesta Key, FL, 34242
4 beds
1952
1,691 sqft
Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathrooom unit (side by side). An impressive $270,000 gross income in 2023 and $264,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical (2025), and hot tubs (2023). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a 10% management fee with all staff staying in place. This property could be purchased as a portfolio with 5228 Calle Menorca.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Inside
Units:
2
Subdivision:
SABAL PALMS
Heating:
Electric
Cooling:
Central Air, Wall/Window Unit(s)
Acreage:
0.21
Est. Taxes:
$13,211
Construction
Wood Frame
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Days on Market:
5
Pool:
Above Ground, Heated, In Ground
MLS #:
O6377497
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Beycome of Florida LLC 804-656-5007