UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,291 sqft
Price per Sqft $337
Subdivision Grove Park
MLS Listing ID A4691652
Bedrooms 10
HOA Y/N No
Year Built 1974
Annual Tax Amount $13,013
Lot Size 0.590 Acres
Acres 0.59
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
The building includes five 2-bedroom, 1-bath units, each offering broad tenant appeal and turnkey convenience. Long-term tenants are currently in place, while the property has the availability to hold a motel/hotel license, creating additional flexibility for future ownership and rental operations.
Investor-friendly features include individually metered utilities, public water and sewer, paved parking, no required flood insurance, and reported general liability insurance of approximately $460. Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, updated bathrooms, major plumbing replacement completed in 2009 and 2010, roof replacement in 2014, blown-in roof insulation.
The property also offers private amenities that help set it apart from typical multifamily options, including a heated and cooled swimming pool, screened patio room, and tropical outdoor space designed to enhance tenant or guest enjoyment.
With current income, multiple rental strategy options, turnkey units, and a prime Sarasota location near Siesta Key, this property is a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation potential. Schedule your private showing today.
Location
State FL
County Sarasota
Community Grove Park
Area 34231 - Sarasota/Gulf Gate Branch
Zoning RMF2
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Furnishings Turnkey
Fireplace false
Appliance Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
Laundry Inside, Laundry Closet
Exterior
Exterior Feature Lighting, Rain Gutters, Sidewalk
Pool Heated, In Ground
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
View Y/N No
Water Access No
View Pool
Roof Type Shingle
Porch Covered, Patio, Porch, Screened
Garage false
Private Pool Yes
Building
Lot Description In County, Paved
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Schools
Elementary Schools Wilkinson Elementary
Middle Schools Brookside Middle
High Schools Riverview High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4691652
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