Ignite FB Tracking PixelAnother Property Sold - 2160 8th Street, Sarasota, FL 34237 - EXIT Sunset Realty

Another Property Sold - 2160 8th Street, Sarasota, FL 34237

by EXIT Sunset Realty 03/06/2025

2160 8th Street, Sarasota, FL 34237
Residential IncomeSold
List Price $439,000
Sold Price $397,500
2160 8th Street
Sarasota, FL 34237
Listed by: Coastal Connection Realty, (941) 704-4310
MLS: Stellar MLS
4Beds
2Baths
1,440Sq Ft
Est. Mortgage
$2,366/mo

Exceptional investment opportunity just north of downtown Sarasota! This block duplex is in fantastic condition with ACs and water heaters updated in 2019 and electrical panels updated in 2014, plus durable vinyl windows. Roof is 2005. MTM rents are currently approximately $1,300/month—well below the $1,800 median market rent for 2/1 units (per Rentometer), offering immediate income growth potential. Located in the sought-after Missing Middle Overlay district, the property also boasts affordable housing redevelopment opportunities with density increases up to a maximum of 35 units/acre (check with the city for details). Combine with the neighboring duplex to create a 4-plex! Close to top restaurants, shopping, and public transit, this is a rare chance to secure a property with long-term upside. Perfect 1031 exchange candidate. We have access to property managers that can help manage your investment if you want a more hands off property.

Learn more about this property