407 OHIO PL Sarasota, FL 34236
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
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
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