Second Home or Investment Property

The location, demand, and short-term rental capability make this turn-key beach condo an investor's dream. Capitalization Rate of 12%+ means WOW GREAT INVESTMENT. Your rentals pay for all of your expenses and leave you passive income. Across the street from the famous Lido Beach & Lido Beach Pavilion (pool, restaurant, showers, etc.). Walking distance to all the action of St Armand's Circle. 5-minute drive to downtown Sarasota. Large screened patio. Renovated kitchen and bathrooms to include granite & solid wood cabinetry. Large tile & wood-plank floors. Loads of storage inside and a dedicate storage locker on site. Neutral colors throughout. Light and bright interior. Owner has installed automatic hurricane wind & impact rated shutters ($$$), offering full protection and peace of mind with the push of a button. Comes turnkey furnished. This beach rental or second home paradise includes heated swimming pool, clubhouse, elevator, assigned under building parking & an additional guest parking lot. Low condo fees of just $528 a month pays for all insurance on building (flood, hurricane, “homeowners”), amenities like the pool, grounds maintenance, building maintenance, escrowed reserves for regular improvements, water, sewer, trash, and cable. You simply pay insurance on the contents of the unit at minimal cost, pay your property taxes (currently $3,103 annually), and pay the electric bill. You and your tenants will love the beach lifestyle. Bike, paddleboard, kayak, and great walkability. St. Armand's circle for boutique shopping, great dining, and people watching. Downtown Sarasota for theaters, opera, ballet, orchestra, art galleries, and many dining and entertainment options. Pristine sugar sand beach with magnificent sunsets each night at of one of the most desirable premier vacation destinations in the world.