4001 Groveland Avenue, Sarasota, FL 34231
- $1,450,000
- 10
- BD
- 5
- BA
- 4,291
- SqFt
- List Price
- $1,450,000
- Status
- Active
- Days on Market
- 82
- Price Change
- ▼ $50,000 1785033853
- MLS#
- A4691652
- Property Style
- Quadruplex
- Year Built
- 1974
- Bedrooms
- 10
- Bathrooms
- 5
- Living Area
- 4,291
- Lot Size
- 25,830
- Acres
- 0.59
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Grove Park
- Community Name
- Grove Park
- MLS Area Major
- Sarasota/Gulf Gate Branch
Property Description
LOCATION LOCATION LOCATION! Sarasota's hottest zip code is Presenting a strong multifamily investment opportunity just minutes from Siesta Key, this 5-unit hotel/ motel property offers current income, flexible rental options, and long-term upside in one of Sarasota’s most desirable rental markets. Located in a non-flood zone approximately 4 miles from Siesta Key Beach, the property is well positioned for long-term tenants, seasonal rentals, or potential short-term rental strategies. 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.
/u.realgeeks.media/teamdavisc21/Team-Davis-BLK-1.png)
Additional Information
- Taxes
- $13013
- Annual Gross Income
- 145000
- Location
- In County, Paved
- Community Features
- No Deed Restriction
- Zoning
- RMF2
- Interior Layout
- 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)
- 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)
- Floor
- Ceramic Tile
- Appliances
- Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Exterior Features
- Lighting, Rain Gutters, Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private
- Pool Type
- Heated, In Ground
- Elementary School
- Wilkinson Elementary
- Middle School
- Brookside Middle
- High School
- Riverview High
- Flood Zone Code
- X
- Parcel ID
- 0072030032
- Legal Description
- TH N 1/2 OF LOT 31 ALL OF LOTS 32 & 33 & TH S 1/2 OF LOT 34 BLK A GROVE PARK SUB
Listing courtesy of RE/MAX ALLIANCE GROUP. 941-954-5454
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on