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  • MLS#: A4619451 ( Residential Income )
  • Street Address: 407 Ohio Place
  • Viewed: 61
  • Price: $1,195,000
  • Price sqft: $438
  • Waterfront: No
  • Year Built: 1940
  • Bldg sqft: 2729
  • Bedrooms: 5
  • Total Baths: 3
  • Days On Market: 309
  • Additional Information
  • Geolocation: 27.333 / -82.535
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34236
  • Subdivision: Rhodes Hale Sub
  • Elementary School: Soutide
  • Middle School: Booker
  • High School: Sarasota
  • Provided by: COLDWELL BANKER REALTY
  • Contact: Ryan Skrzypkowski
  • 941-383-6411
  • mfrmls
  • 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!
Property Features
Appliances
  1. Dishwasher
  2. Dryer
  3. Microwave
  4. Range
  5. Refrigerator
  6. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Fence
  2. Lighting
  3. Sidewalk
  4. Sliding Doors
  5. Storage
Garage Spaces
  1. 0.00
Heating
  1. Electric
High School
  1. Sarasota High
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Living Room/Dining Room Combo
  3. Open Floorplan
  4. Solid Surface Counters
Legal Description
  1. 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
  1. One
Living Area
  1. 1826.00
Lot Features
  1. Corner Lot
  2. Flag Lot
  3. Historic District
  4. City Limits
  5. Landscaped
  6. Sidewalk
  7. Paved
Middle School
  1. Booker Middle
Area Major
  1. 34236 - Sarasota
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 2027100106
Pets Allowed
  1. Cats OK
  2. Dogs OK
  3. Yes
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Shingle
School Elementary
  1. Southside Elementary
Sewer
  1. Public Sewer
Tax Year
  1. 2023
Township
  1. 36
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Public
  4. Sewer Connected
  5. Water Connected
View
  1. Garden
Views
  1. 61
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/A4619451
Water Source
  1. Public
Year Built
  1. 1940
Zoning Code
  1. RSM9