4 Plex Close to Siesta Key

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30747690
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 4,584 SF
Gross Building Area: 6,150 SF
Gross Land Area: 12,200 SF
Sale Price: $725,000
Unit Price: $181,250 Per Unit
Property Use Type: Investment
Usable Size (USF): 6,150 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2021

Overview / Comments

4-plex in Gulf Gate Manor within minutes of World Famous Siesta Key Beach! Solid built, masonry construction. All units are 2 bedroom, 1 bath. 2 have enclosed patios and 2 have screened lanais. Community, coin operated washer/dryer room located at the end of the 4-car carport. Spacious lot is 12,200 sf.

Two of the units are under renovation with all windows replaced with hurricane impact windows. These two units are in various stages of renovation. The other two units are occupied with month-to-month tenants.

Sarasota Pavilion Shopping Plaza is nearby with Publix, Michael's (craft store), Bed Bath & Beyond and several restaurants.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0103080062
Zoning: RMF2 RESIDENTIAL MULTIFAMILY (9 UNITS PER ACRE)
Percent Occupied: 50%
Property Located Between: Stickney Pt Rd and Gulf Gate Dr
Highway Access: Tamiami Trail, Clark Rd, Interstate 75
Airports: SRQ Airport is approximately 10 miles
Area Description: Mix of Commercial Retail, homes and rental properties close to Restaurants, shopping and medical facilities
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1970
Year Renovated: 1985
Roof Type: Hip
Construction/Siding: Block, Concrete, Wood Siding
Exterior Description: Masonry construction, 2 patios enclosed with frame and siding
Parking Description: Carports
Total Parking Spaces: 4
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Two of the units are being renovated. Two of the units are occupied
Zoning Description: Multifamily
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 1 BLK 3 & BEG SE COR LOT 1 BLK 3 FOR POB TH S 0-30-25 E 110 FT TH S 89-29-35 W 45 FT TH N 13-13-26 W 112.77 FT TH N 89-29-35 E 69.83 FT TO POB BEING PART OF LAKE A GULF GATE MANOR UNIT 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,137 68,462 131,914
Median Age: 51.19 52.1 51.71
Households: 7,223 33,613 62,986

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