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407 Ohio Place, SARASOTA, FL 34236
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407 Ohio Place
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Priced at Only: $1,195,000
For more Information Call: (352) 279-4408
Address: 407 Ohio Place, SARASOTA, FL 34236
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  • MLS#: A4619451 ( Residential Income )
  • Street Address: 407 Ohio Place
  • Viewed: 2
  • Price: $1,195,000
  • Price sqft: $438
  • Waterfront: No
  • Year Built: 1940
  • Bldg sqft: 2729
  • Bedrooms: 5
  • Total Baths: 3
  • Days On Market: 108
  • Additional Information
  • Geolocation: 27.333 / -82.535
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34236
  • Subdivision: Rhodes Hale Sub
  • Elementary School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Provided by: COLDWELL BANKER REALTY
  • Contact: Ryan Skrzypkowski
  • 941-383-6411
  • DMCA Notice
  • Description
    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 Sarasotas 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!
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Lighting, Sidewalk, Sliding Doors, Storage
  • Living Area: 1826.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Corner Lot, Flag Lot, Historic District, City Limits, Landscaped, Sidewalk, Paved
School Information
  • High School: Sarasota High
  • Middle School: Booker Middle
  • School Elementary: Southside Elementary
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2023
Other Features
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Country: US
  • Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
  • Legal Description: LOT 6 & N 1/2 OF LOT 7 & ELY 8 FT OF S 1/2 OF LOT 7 & ELY 8 FT OF LOT 8 BLK B RHODES & HALE SUB
  • Levels: One
  • Area Major: 34236 - Sarasota
  • Occupant Type: Tenant
  • Parcel Number: 2027100106
  • View: Garden
  • Zoning Code: RSM9
Nearby Subdivisions
0273smiths E A Resub Lot 2 Sub   Burns Realty   Charles L Knight Sub   Halls Sub James S   Lido Beach Div B Resub   Rhodes Hale Sub   Valencia Terrace Rev  
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  1. Tropic Shores Realty
  2. A Winning Team
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com