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407 OHIO PLACE

Multi-family For Sale
$1,195,000

BTC: 12.07070707

ETH: 343.35528509

-$30K (2024/08/29)
133 days
5 bds
1,826 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Welcome to a rare Triplex in the coveted Downtown Historic District of Laurel Park, Sarasota. This well-maintained triplex is an established Airbnb property with a proven rental record. It offers a turn-key solution for savvy investors or homeowners looking to capitalize on its steady income potential. The triplex has been beautifully renovated and maintained by the current owners. It features three charming units: all with their own private driveway. The two front units have two bedrooms and one bathroom each, and the rear unit has one bedroom and one bathroom. it uniquely has an address on Laurel Street as the flag lot has frontage on both Ohio Place and Laurel Street. Each unit includes a private rear patio with patio sets, off-street parking, and washers/dryers (with two units sharing a laundry area); another has a washer and dryer inside. Fully furnished and ready to continue as a successful vacation rental, as it has been, but could also be converted to long-term, this property promises a hassle-free transition with existing management and future bookings in place. With 2024 financials mirroring the success of 2023, this property promises steady income. This triplex has consistently achieved Airbnb Superhost status, attracting guests and generating reliable income year-round. The seller is eager to facilitate a smooth transfer, ensuring the new owner experiences the same benefits. In 2023, this property generated $111,599.17. January to June 2024 has been $74,084.36, which is almost identical to 2023's numbers. All of this will be available upon request to a qualified potential buyer, there are also some gaps in the methods of the owner... This is a hands-off investment for the current owner; with a little more effort, signage, and efforts to book repeat guests for the following year, I am sure that the income could be pushed higher. Nestled in the National Historic District of Laurel Park, this property offers easy access to Sarasota’s bayfront, restaurants, shopping, Selby Gardens, and vibrant arts and theater venues. Seize the opportunity to own this turn-key triplex in Laurel Park and start benefiting from proven Airbnb rental success, the upside potential to Sarasota's growth, and enjoy the continued growth of the best place residential neighborhood in Sarasota's Down Town area. Contact us today to explore this income-generating gem!

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1940
Lot:
0.21 Acres
Heating:
Electric
Price/sqft:
$654
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Heating

    • Electric

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Solid Surface Counters

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Property

    • Levels: One

    • Exterior Features: Fenced / Lighting / Sidewalk / Sliding Doors / Storage

    Lot

    • Lot: 0.21 Acres

    Other Property Information

    • Parcel Number: 2027100106

    • Zoning: RSM9

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $11,173

  • Source details

    • MLS ID: A4619451

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Common Area / Laundry Room

    • Lot Features: Corner Lot / Flag Lot / Historic District / City Lot / Landscaped / Sidewalk

    • Patio And Porch Features: Covered

    • Window Features: Blinds / Shades

    • Living Area: 1826

    • Water Source: Public

    • Subdivision Name: RHODES & HALE SUB

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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 ©2024-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: COLDWELL BANKER REALTY