$950,000
$1,045,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
2,515 SqFt
SOLD DATE : 11/06/2020
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,515 sqft
Price per Sqft $377
Subdivision Lido Beach Div B
MLS Listing ID A4476136
Sold Date 11/06/20
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Year Built 1968
Annual Tax Amount $10,959
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Incredible cash flow opportunity! Own a 4-unit investment property with historical charm just a half block to beautiful Lido Beach. Island Dreams Vacation Rentals has been in operation since 2012, with many satisfied repeat guests and season 2021 bookings solidly in place. The new owner can enjoy guaranteed income while establishing themselves in the vacation rental market, by simply taking over the infrastructure already in place - with an opportunity to increase rental returns. Seller will offer buyer support, including providing prior guest info, operational guidance, support staff, and referral of future inquiries. The trade name Island Dreams Vacation Rentals and valuable reviews from a 3rd party listing site can transfer to the new owner. This is a no brainer for immediate cash flow on highly desirable Lido Key! Excellent location right in the heart of Lido Key (the closest island to downtown Sarasota!) - steps to the beach and easy walking distance to both St. Armand’s Circle and south Lido park (with its popular kayaking and SUP operators). This property offers 4 rental units in 2 buildings: (1) 2-BR Suite, as well as (3) unique one-BR apartments. The rear building is one of the first structures built on the island (1937), with charming pecky cypress ceilings, pine floors, and stone fireplace – own a slice of Sarasota history! Sale includes all furnishings, décor, kitchen supplies, linens, beach supplies, and seller is offering a 1-year home warranty. Laundry on-site with plenty of parking for your guests (each unit can park 2 cars tandem).
Location
State FL
County Sarasota
Community Lido Beach Div B
Zoning RMF2
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fans(s), Living Room/Dining Room Combo, Stone Counters, Window Treatments
Heating Central, Wall Units / Window Unit
Cooling Central Air
Flooring Tile, Wood
Fireplaces Type Wood Burning
Furnishings Turnkey
Fireplace true
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Laundry Laundry Closet
Exterior
Exterior Feature Balcony, Fence, French Doors, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Waterfront false
Water Access 1
Water Access Desc Beach - Public
Roof Type Metal,Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Crawlspace, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco,Wood Frame
New Construction false
Construction Status Appraisal,Financing,Inspections
Schools
Elementary Schools Southside Elementary
Middle Schools Booker Middle
High Schools Booker High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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