407 Ohio Place, Sarasota, FL 34236
- $1,195,000
- 5
- BD
- 1,826
- SqFt
- List Price
- $1,195,000
- Status
- Active
- Days on Market
- 52
- Price Change
- ▼ $30,000 1724916301
- MLS#
- A4619451
- Property Style
- Triplex
- Year Built
- 1940
- Bedrooms
- 5
- Living Area
- 1,826
- Lot Size
- 9,281
- Acres
- 0.21
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Rhodes & Hale Sub
- Community Name
- Rhodes & Hale Sub
- MLS Area Major
- Sarasota
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!
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Additional Information
- Taxes
- $11173
- Minimum Lease
- 1 Week
- Annual Gross Income
- 111599
- Location
- Corner Lot, Flag Lot, Historic District, City Limits, Landscaped, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RSM9
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Utilities
- Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Block, Stucco
- Exterior Features
- Fence, Lighting, Sidewalk, Sliding Doors, Storage
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Southside Elementary
- Middle School
- Booker Middle
- High School
- Sarasota High
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 2027100106
- Legal Description
- LOT 6 & N 1/2 OF LOT 7 & ELY 8 FT OF S 1/2 OF LOT 7 & ELY 8 FT OF LOT 8 BLK B RHODES & HALE SUB
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Listing courtesy of COLDWELL BANKER REALTY.
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