Sally Busby - Coldwell Banker Tony Hubbard
6020 Midnight Pass Road #52s&n
SARASOTA, FL 34242

$1,220,000

Description

Extraordinarily rare opportunity in Aloha Kai. 2 units under the same roofline being sold together. Each is currently configured as a 2 bedroom/ 2 bath with 2 living areas and roof top decks, but each unit has the potential to be a 3 bedroom/ 2 bath ( board approval in hand) without changing the footprint. 3 units from the sand and partial Gulf views from the upstairs you wont find a better arrangement anywhere on condo row. Both units have updated kitchens and newer A/Cs and the south units lower level has been totally re-done with beachside living/ renting in mind. Excellent outdoor living really puts these units over the top. Bring your buyers with a creative mind and this property will absolutely not disappoint. Make sure to check out the massive swath of private beach, with all chairs and lounges provided, that Aloha Kai has to offer along with the largest heated pool on the island. With a conservative rental estimate of $130,000+ per year any investor will be amazed. Only one part of one unit (1 bedroom/ 1 bath) has been available to be rented and it grossed approx. $36,000 in 2017 and over $39,000 already on the books for 2018. This really is the property you have been looking for. Can be purchase separately for $610,000 per side.

Details

MLS#A4419221
Sub-TypeResale
StatusActive
Year1964
Days On Site25

Features

SQ Feet3,104
Units2
Building(s)1

Market Activity 34242

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Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34242
Area34242 - Sarasota/Crescent Beach/Siesta Key
Listing VS Median (in 34242)
Price:
$1,220,000
low | high
Med:
$599,000
100% of Average
SqFt:
3,104
low | high
Med:
1,156
100% of Average
$ / SqFt:
$393
low | high
Med:
$519
18.050812575403% of Average
On Site:
25
low | high
Med:
64
39.0625% of Average
Listing Updated: 12/07/2018
MLS Number: A4419221
Listing Provided By:
Steve Cavanaugh  of  RE MAX TROPICAL SANDS

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