NOT LISTED FOR SALE
-- Bed
-- Bath
4,608 Sq Ft
0.34 Acres

Last Sold December 01, 2020

Last sale price $690,000 $150 Per Sq Ft

31 Days on Market

Highlights

  • No HOA
  • Screened Patio
  • Central Heating and Cooling System
  • Booker High School Rated A-

About This Home

As of December 2020

The property consists of Six, 2 bedroom / 1 bathroom units, in 3 solid masonry building, on 1 parcel of approximately 0.34 acres of land. All buildings in the complex have new shingle roofs that were replaced in July 2020, and all central AC systems are 2016 or newer. The property is located within a short walk of Main Street in Downtown Sarasota, which features some of Sarasota’s best restaurants and an abundance of employment opportunities for tenants. Given the location, the property offers an investor tremendous upside potential and continuous cash flow! Quality management currently in place and happy to stay on. Sellers owns other multi family properties in the area and are open to a potential bulk sale.

Last Agent to Sell the Property

Phil Ginexi

THE MULTIFAMILY FIRM LLC License #3266689 Listed on: 09/17/2020

Co-Listed By

Kyle Keelan

THE MULTIFAMILY FIRM LLC License #3256975

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,533

Year Built

  • Built in 1955

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150

Home Design

  • 4,608 Sq Ft Home
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Outdoor Features

  • Screened Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • 5,216 Sq Ft Building
  • Gillespie Park Sub Community
  • Pos Sub Of Lt 7 Blk N Subdivision

Building Details

  • Gross Income $75,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,533

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 4608
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1955
  • Building Area Total: 5216
  • Lot Size Sq Ft: 14970
  • Number Of Lots: 1
  • Directions to Property: From Interstate I-75 drive West on Fruitville Road toward downtown Sarasota to US 301/41. Then turn right and head North 3 blocks to 6th Street, and turn Right or East to 2021 6th Street.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4478372?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4478372?w=Customer
  • Unit Count: 1
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Call Center Phone Number: (941) 914-5574
  • Ratio: Close Price\List Price: 0.92061
  • Price per Sq Ft: 149.74
  • Close to Original List Price Ratio: 0.83636
  • Ratio: Current Price\Building Area Total: 132.29
  • View: No
  • Co List Office Mls Id: 281532532
  • Co List Office Phone: 941-444-6160
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Foundation Details: Slab
  • Street Number Modifier: 2021
  • Number Of Buildings: 3

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Screened
  • Road Surface Type: Asphalt, Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: DTN
  • Parcel Number: 2028050049
  • Additional Parcels: No
  • Lot Dimensions: 100x150
  • Flood Zone Code: X

Multi Family

  • Gross Income: 75600
  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 4533.25
  • Tax Block: N
  • Tax Book Number: 2-55A
  • Tax Lot: 25

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $690,000 -7.9% $150 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
10/07/2020 10/07/20 Price Changed $749,500 -6.2% $163 / Sq Ft
09/30/2020 09/30/20 Price Changed $799,000 -3.2% $173 / Sq Ft
09/17/2020 09/17/20 For Sale $825,000 -- $179 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4478372

Stellar MLS