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

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