4001 GROVELAND AVENUE at

4001 GROVELAND AVENUE

For sale Days on market 153

$1,450,000

$338/sq ft

$50,000
Price Decreased

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Overview

Bedroom

Year Built

1974

Sqft

4291

Property Type

Quadruplex

Property Description

LOCATION LOCATION LOCATION! Sarasota's hottest zip code is Presenting a strong multifamily investment opportunity just minutes from Siesta Key, this 5-unit hotel/ motel property offers current income, flexible rental options, and long-term upside in one of Sarasota’s most desirable rental markets. Located in a non-flood zone approximately 4 miles from Siesta Key Beach, the property is well positioned for long-term tenants, seasonal rentals, or potential short-term rental strategies. The building includes five 2-bedroom, 1-bath units, each offering broad tenant appeal and turnkey convenience. Long-term tenants are currently in place, while the property has the availability to hold a motel/hotel license, creating additional flexibility for future ownership and rental operations. Investor-friendly features include individually metered utilities, public water and sewer, paved parking, no required flood insurance, and reported general liability insurance of approximately $460. Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, updated bathrooms, major plumbing replacement completed in 2009 and 2010, roof replacement in 2014, blown-in roof insulation. The property also offers private amenities that help set it apart from typical multifamily options, including a heated and cooled swimming pool, screened patio room, and tropical outdoor space designed to enhance tenant or guest enjoyment. With current income, multiple rental strategy options, turnkey units, and a prime Sarasota location near Siesta Key, this property is a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation potential. Schedule your private showing today.

Property Details

MLS#

A4691652

Address

4001 GROVELAND

City

Sarasota

State/county

Zip/Postal Code

34231

Area

Grove Park

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$13,013

Maint Fee

$--

Tax Year

2025

Dishwasher

Dryer

Microwave

Range

Range Hood

Refrigerator

Washer

Pool

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