4001 Groveland Ave, Sarasota, Florida 34231
- $1,500,000
4001 Groveland Ave, Sarasota, Florida 34231
- $1,500,000
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.
Details
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Property ID A4691652
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Price $1,500,000
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Property Size 4579 Sqft
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Land Area 0.59 Acres
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Bedrooms 10
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Bathrooms 5
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Year Built 1974
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Property Type Quadruplex, Residential Income
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Property Status Active
Additional details
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Listing Terms Cash, Conventional
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Roof Shingle
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Utilities BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Central, Electric
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Flooring Ceramic Tile
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County Sarasota
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Property Type Residential Income
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Pool Heated, In Ground
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Elementary School Wilkinson Elementary
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Middle School Brookside Middle
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High School Riverview High
Address
Open on Google Maps-
Address: 4001 GROVELAND AVENUE
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City: Sarasota
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State/county: FL
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Zip/Postal Code: 34231
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Country: US
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What's Nearby?
- Active Life
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Active Lifestyles (2.44 mi)
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Activ Age (0.98 mi)
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Active Orthotics-Prosthetics (0.98 mi)
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Active Images (7.81 mi)
- Restaurants
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Groovy Dawgs Street Food (0.32 mi)
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Pietro's Italian Restaurant and Wine Bar (0.37 mi)
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Villa Venezuela (0.38 mi)
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Jersey Mike's Subs (0.39 mi)
Contact Information
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