Rent report generated Jan 15, 2025
The Rent Potential of
222 John Ringling Blvd Sarasota, Florida
is $11,000 – $18,500/mo.
Rent Advice
The property, located in the vibrant Lido Key neighborhood of Sarasota, presents a strong rental potential with its unique waterfront location and proximity to local attractions. With 2 units, the estimated monthly rental revenue ranges from $11K to $18.5K, based on comps. Given the prime location, the payback period could be favorable, assuming high occupancy rates. Market conditions in Sarasota are robust, with increasing demand for rental properties. However, flood damage poses a challenge, necessitating restoration.
To boost rental income, consider modernizing interiors and enhancing flood resilience, which could attract premium tenants. Installing energy-efficient appliances may also appeal to environmentally conscious renters. If selling is on the horizon, marketing the property's proximity to Lido Beach and its potential for redevelopment could be appealing to investors seeking prime real estate opportunities.
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