1712 CHEYENNE STREET Great performing asset at 9% CAP RATE. Welcome to your very own slice of paradise, surrounded by shady palm trees and just over a mile from the sandy shores of Crescent Beach. Nestled in a non-HOA community, this unique and versatile property offers two separate living spaces on a single lot, making it ideal for multi-generational living, long-term rental income, or the opportunity to live in one unit while renting out the other. As you walk into the main residence, there is an expansive, open-concept living room that flows seamlessly into the kitchen and dining area. This layout creates a warm and inviting atmosphere, perfect for hosting friends and family or simply enjoying the laid-back Florida lifestyle. The kitchen is spacious and functional, featuring ample wooden cabinetry, plenty of counter space for cooking lavish meals, while the dining area is bright and welcoming, overlooking the pristine backyard. Just ahead, you will find 2 generously sized bedrooms and a flexible den that could easily serve as a 3rd bedroom, home office, or guest space. There is a tastefully updated bathroom that adds to the appeal, showcasing a sleek, modern design with a massive walk-in shower. Tucked privately behind the main home is a fully updated and beautifully remodeled 1 bedroom, 1 bathroom guest or in-law suite that exudes both style and comfort. Thoughtfully designed with its own side entrance, this attached unit features a bright and open-concept living and dining area, creating a welcoming space that feels like home. The fully equipped kitchen is outfitted with warm wooden cabinetry and stunning stainless steel appliances, providing both functionality and modern appeal. Whether used as a private retreat for extended family, comfortable accommodations for guests, or a high-demand rental for added income, this secondary living space offers incredible versatility, privacy, and convenience for a variety of lifestyle needs. Outdoors, the property continues to impress with a spacious, fully fenced backyard that offers both beauty and functionality. Surrounded by lush, mature landscaping, this outdoor retreat is ideal for relaxing afternoons, dining alfresco under the Florida sun, or enjoying quiet evenings beneath the stars. The expansive yard provides plenty of room for pets to roam freely and safely, as well as abundant space for gardening, outdoor entertaining, or even the addition of a pool or play area. With no HOA restrictions, you have the freedom to make the outdoor space truly your own. The screened-in back porch is accessible to both units and includes laundry hookups, making it a practical and comfortable shared space. A one-car garage offers additional storage or protected parking. Centrally located, just minutes from the beach, and within easy reach of restaurants, grocery stores, shops, commuter routes, and everyday conveniences. For those considering an investment, Sarasota County allows monthly rentals in this area, and both units are currently tenant-occupied with month-to-month leases offering the new owner immediate income potential. Whether you’re searching for a beach-close primary home with extra space, a flexible multigenerational setup, or a turnkey rental investment with built-in tenants, this exceptional property has it all. Don’t miss your chance to own this rare gem. Call today to schedule a showing before it is gone!