5331 Olive Avenue, Sarasota, FL 34231

Description

This updated, concrete block duplex in a desirable Sarasota location is a breeze to own and operate. 2 bedroom/1 bath on one side (5331) with a 1/1 on the other (5333). Both units are easily rented with renovated kitchens and baths, carports, private screened porches and their own utility/storage rooms with W/D hookups. Located on a quiet block of mainly single-family homes - just 3 miles to Siesta Key and under 15 minutes to downtown Sarasota, and surrounded by great restaurants and shops in Gulf Gate and along Clark Road - there is tremendous upside potential in this property. The new owner can continue operating as annual rentals (while increasing rents to market rate), live in one side and rent the other or transition into short-term rentals. The property was connected to sewer in 2018 and all capacity and connection fees have been paid. Other updates include: new electric panels in 2011, new metal roof in 2013, all new windows and front doors in 2015, rear patio pavers and hurricane shutters in 2020 along with a full drain line replacement in 2020 for 5333 (the previous owners replaced interior water lines throughout the property). Additionally, a home warranty is provided. Just kick back and enjoy the updates and ease of maintenance of your new investment property!