Homes for sale - 407 OHIO PL, Sarasota, FL 34236

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Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

$1,195,000

Est. payment - /mo

5 Beds

3 Baths

1,826 SqFt

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UPDATED:

09/27/2024 03:41 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,826 sqft

Price per Sqft $654

Subdivision Rhodes & Hale Sub

MLS Listing ID A4619451

Bedrooms 5

HOA Y/N No

Originating Board Stellar MLS

Year Built 1940

Annual Tax Amount $11,173

Lot Size 9,147 Sqft

Acres 0.21

Property Description

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

State FL

County Sarasota

Community Rhodes & Hale Sub

Zoning RSM9

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace false

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Fence, Lighting, Sidewalk, Sliding Doors, Storage

Utilities Available Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

View Garden

Roof Type Shingle

Porch Covered

Garage false

Private Pool No

Building

Lot Description Corner Lot, Flag Lot, Historic District, City Limits, Landscaped, Sidewalk, Paved

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Schools

Elementary Schools Southside Elementary

Middle Schools Booker Middle

High Schools Sarasota High

Others

Pets Allowed Cats OK, Dogs OK, Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Membership Fee Required Optional

Listing Terms Cash, Conventional

Num of Pet 10+

Special Listing Condition None

Read Less Info

Listed by COLDWELL BANKER REALTY

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com

407 OHIO PL Sarasota, FL 34236