1677 4Th St Sarasota, FL 34236
This exceptional investment opportunity presents a four-unit multifamily property nestled in the heart of Downtown Sarasota, Florida. The property comprises two buildings, each two stories high, encompassing a total of 2,690 square feet on a 0.228-acre lot. The main house boasts a classic 2-bedroom, 1-bathroom layout, complemented by three additional studio apartments, offering diverse rental income streams. Desirable features include original hardwood flooring, a brick fireplace in the main house, a welcoming front porch, and lush tropical landscaping creating a tranquil oasis. Recent upgrades include a new metal roof installed in 2021 on the rear building and 2022/2023 on the front. The property's DTN zoning allows for flexibility and potential future development. Its convenient location places it within walking distance of Gillespie Park and a plethora of shopping, dining, and entertainment options. Nearby attractions include Bayfront Park, Marina Jack, Main Street, the Van Wezel Performing Arts Hall, and Sarasota Bradenton International Airport. This property is being offered as part of a larger package, including a separate listing at 1663 4th St. The combined package offers a total of six units. The APN is 2026-10-0074, and the property is offered fee simple. This is a rare opportunity to acquire a well-maintained, income-generating property in a highly sought-after location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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