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407 OHIO PL SARASOTA, FL 34236
- Townhouse or Condo / Resale (MLS)
Property Details for 407 OHIO PL, SARASOTA, FL 34236
Features
- Price/sqft: $654
- Lot Size: 0.21 acres
- Total Units: 3
- Total Rooms: 5
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Stories: 1
- Roof Type: Asphalt
- Heating: Yes
- Construction Type: Wood
- Exterior Walls: Stucco
Facts
- Year Built: 01/01/1940
- Property ID: 907520779
- MLS Number: A4619451
- Parcel Number: 2027-10-0106
- Property Type: Townhouse or Condo
- County: Sarasota
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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 Sarasotas 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!
Rent To Own Financing
What Is This
RTO Financing is an exciting new program to help you get into an RTO home. The approval process is easier than a mortgage with a simple process and one-on-one help.
How To Apply
First, we'll ask you some questions about your financial situation. If you meet the criteria, you will be forwarded to our partner's site to complete a full application for RTO Financing.
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Property Brokerage:
Coldwell Banker
595 Bay Isles
Longboat Key
FL
34228
Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.