$1,450,000 - 4001 Groveland Avenue, SARASOTA
- 10
- Bedrooms
- 5
- Baths
- 4,291
- SQ. Feet
- 0.59
- Acres
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.
Essential Information
-
- MLS® #:
- A4691652
-
- Price:
- $1,450,000
-
- Bedrooms:
- 10
-
- Bathrooms:
- 5.00
-
- Square Footage:
- 4,291
-
- Acres:
- 0.59
-
- Year Built:
- 1974
-
- Type:
- Residential Income
-
- Sub-Type:
- Quadruplex
-
- Status:
- Active
Community Information
-
- Address:
- 4001 Groveland Avenue
-
- Area:
- Sarasota/Gulf Gate Branch
-
- Subdivision:
- GROVE PARK
-
- City:
- SARASOTA
-
- County:
- Sarasota
-
- State:
- FL
-
- Zip Code:
- 34231-7662
Amenities
-
- View:
- Pool
-
- Has Pool:
- Yes
Interior
-
- Interior Features:
- Ceiling Fan(s), Eating Space 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)
-
- Appliances:
- Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
-
- Heating:
- Central, Electric
-
- Cooling:
- Central Air
Exterior
-
- Exterior Features:
- Lighting, Rain Gutters, Sidewalk
-
- Lot Description:
- In County
-
- Roof:
- Shingle
-
- Foundation:
- Slab
School Information
-
- Elementary:
- Wilkinson Elementary
-
- Middle:
- Brookside Middle
-
- High:
- Riverview High
Additional Information
-
- Days on Market:
- 96
-
- Zoning:
- RMF2
Listing Details
- Listing Office:
- Re/max Alliance Group