Description

Rare Income-Producing Portfolio on South Lido Key - 5 Turnkey STR UnitsA 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 yrsThis 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.