About This Home
This 10-bedroom, 5-bathroom multi-family at 4001 GROVELAND Avenue in Sarasota, FL is listed for $1,450,000 ($338 per sqft). Built in 1974, the home offers 4,291 sqft of living space on a 0.59 acres lot.
Key Features
- Built in 1974
- 0.59 acre lot
- Private pool
Property Details
Amenities
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.
Monthly Cost Estimate
$7,755/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4001 GROVELAND Avenue
Sarasota, FL 34231
GROVE PARK
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 10-bedroom, 5-bathroom multi-family at 4001 GROVELAND Avenue is listed at $1,450,000 ($338/sqft). The estimated monthly payment is $7,755 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1974, 0.59 acre lot, Private pool. Interior Features: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo. Exterior Features: Lighting, Rain Gutters, Sidewalk.
This property is listed by Rachel Tritschler and can be reached at 9419935892.