4001 GROVELAND AVENUE

Multi-family For Sale

$1,500,000

BTC: 23.43750000

ETH: 833.33333333

34 days

For Sale

Multi-family

10 bds •

4,291 sqft

Overview

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.

Location

Florida • SARASOTA • 34231 • Multi-family • For Sale

Details

Type:

Residential Income

Parking:

No Data

Year Built:

1974

Lot:

0.59 Acres

Heating:

Central / Electric

Price/sqft:

$350

Cooling:

Central Air

HOA:

No Data

Type:

Residential Income

Parking:

No Data

Year Built:

1974

Lot:

0.59 Acres

Heating:

Central / Electric

Price/sqft:

$350

Cooling:

Central Air

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Highlights

Annual tax

$13,013

2025

Pool

Heated

View

Pool

Furnished

Turnkey

All facts and features

Flooring

• Ceramic Tile

Heating

• Central

• Electric

Cooling

• Central Air

Appliances

• Dishwasher

• Dryer

• Microwave

• Range

• Range Hood

• Refrigerator

• Washer

Other 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)

Bedrooms and bathrooms

• Bedrooms: 10
Property

• Pool Private: Yes

• Exterior Features: Lighting / Rain Gutters / Sidewalk

Lot

• Lot: 0.59 Acres

Other Property Information

• Parcel Number: 0072030032

• Zoning: RMF2
Type and style

• Property Type: Residential Income

• Property Sub Type: Quadruplex
Utility

• BB/HS Internet Available

• Cable Available

• Electricity Connected

• Public

• Sewer Connected

• Water Connected
Other financial information

• Annual tax amount: $13,014
Source details

• MLS ID: A4691652

Other facts

• Construction Materials: Stucco

• Foundation Details: Slab

• Laundry Features: Inside / Laundry Closet

• Lot Features: In County

• Patio And Porch Features: Covered / Patio / Porch / Screened

• Pool Features: Heated / In Ground

• Living Area: 4291

• Water Source: Public

• Subdivision Name: GROVE PARK

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX ALLIANCE GROUP

4001 GROVELAND AVENUE

Overview

Location

Details

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

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