The Cove at Siesta Gateway 1615 Stickney Point Rd Immeuble residentiel 7 lots 1 211 898 € (173 128 €/Lot) Taux de capitalisation 6,35 % Sarasota, FL 34231

The Multifamily Firm is pleased to present The Cove at Siesta Gateway, a recently renovated 7-unit multifamily asset located just minutes from Siesta Key Beach in Sarasota, FL. This turnkey asset offers a compelling blend of immediate income potential, short-term rental upside, and long-term redevelopment flexibility—all in a premier coastal location just a half-mile walk to Public Beach Access 12 and a short stroll to Benderson’s new 24-acre Siesta Promenade mixed-use development.
The property consists of 7 units across 3 solid masonry buildings on a 0.34-acre parcel and has undergone extensive renovations over the past 5 months, including drywall replacement and full interior restorations. All units now feature luxury vinyl plank flooring, quartz countertops, white cabinetry, stainless appliances, fresh paint, and updated bathrooms. Recent capital improvements also include new roofs, upgraded PVC plumbing, exterior paint, refreshed landscaping, and a newly shelled parking area that eliminates lawn care costs. With favorable RMF-4 zoning, future redevelopment potential adds to the investment appeal, while favorable seller financing is available for qualified buyers. Investors can further enhance returns by operating select units as seasonal vacation rentals, capitalizing on proximity to Florida’s top-rated beach.