About 170 Roosevelt Drive 6
Rare Income-Producing Portfolio on South Lido Key – 5 Turnkey STR Units A rare opportunity to acquire a fully operating short-term rental portfolio on South Lido Key, one of Sarasota’s most coveted coastal markets. This offering includes five updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year-round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38,470 per unit and portfolio-wide net income of $113,255 after HOA, taxes, utilities, and cleaning expenses. This is a cash-flowing, turnkey asset in a high-barrier-to-entry vacation rental market. The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind. Unit Renovation & Mechanical Summary: • Unit 2 – Updated | AC ~4 yrs | WH < 6 yrs • Unit 6 – Updated | AC ~4 yrs | WH < 6 yrs • Unit 10 – Updated | AC ~2 yrs | WH < 6 yrs • Unit 11 – Updated | AC ~3 yrs | WH < 3 yrs • Unit 12 – Updated | AC ~2 yrs | WH < 3 yrs This type of offering is rarely available — a multi-unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self-manage, or explore value-add improvements and dynamic pricing to further enhance returns. 5 units. One unbeatable coastal investment. Opportunities like this do not come around often.
Residential Income home for sale in SARASOTA, FL at 170 Roosevelt Drive 6. This Residential Income home is priced at $5,442/sqft
Features of 170 Roosevelt Drive 6
| MLS® # | A4670924 |
|---|---|
| Price | $1,600,000 |
| Bathrooms | 5.00 |
| Square Footage | 294 |
| Acres | 0.90 |
| Year Built | 1955 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information: Sarasota
| Address | 170 Roosevelt Drive 6 |
|---|---|
| Area | Sarasota |
| Subdivision | PELICAN GARDENS |
| City | SARASOTA |
| County | Sarasota |
| State | FL |
| Zip Code | 34236-2237 |
Amenities of 170 Roosevelt Drive 6
| View | Garden, Trees/Woods |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Senior Community | No |
Interior of 170 Roosevelt Drive 6
| Interior Features | Ceiling Fan(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
Exterior of 170 Roosevelt Drive 6
| Exterior Features | Courtyard, Fenced, Garden, Storage |
|---|---|
| Roof | Shingle |
| Foundation | Slab |
Additional Information On 170 Roosevelt Drive 6
| Date Listed | November 4th, 2025 |
|---|---|
| Zoning | RMF3 |
| Flood Zone Code | AE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 595 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | RE/MAX ALLIANCE GROUP |
|---|