Active
407 OHIO PL
SARASOTA FL, 34236
$1,195,000
$654.44 per sqft
Active
5 Beds
3 Baths
1,826 sqft
Multi-family
Built in 1940
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 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!
A4619451
MLSⓇ ID
August 12, 2024
Listed
November 22, 2024
Updated
Map
407 OHIO PL
SARASOTA FL, 34236
Interior Features
Total Stories
1
Bedrooms
5
Total Bathrooms
3
Interior Features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry Description
Common Area, Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.21 Acres
Exterior Features
Fence, Lighting, Sidewalk, Sliding Doors, Storage
Lot Features
Corner Lot, Flag Lot, Historic District, City Limits, Landscaped, Sidewalk, Paved
Roof
Shingle
Sewer
Public Sewer
School Information
High School
Sarasota High
Elementary School
Southside Elementary
Other Property Details
Area Name
34236 - Sarasota
Taxes
$11,173
Tax Frequency
Annually
Days on Market
28
Association Fee
Not Listed
Association Fee Frequency
Monthly
Garage
No
View
Yes
View Description
Garden
County
Sarasota
Municipality
36
Water Source
Public
Pool
No
Zoning
RSM9
Listed by COLDWELL BANKER REALTY
Listing Contact: 941-383-6411
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Data last updated 11/22/2024, 7:25 AM UTC