407 Ohio Place
$1,195,000
5
1,826
1,826
$654
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...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!
- Listed by Ryan Skrzypkowski • COLDWELL BANKER REALTY
Property Details for 407 Ohio Place
Subdivision Name
RHODES & HALE SUB
Township36
ViewGarden
WaterfrontNo
LISTING UPDATED: 09/26/2024 07:40 PM
Property Details for 407 Ohio Place
Status | Active |
---|---|
MLS # | A4619451 |
Days on Market | 115 |
Taxes | $11,173 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1940 |
Lot Size | 0.21 AC / 9,281 SF |
County | Sarasota County |
Building Information for 407 Ohio Place
Stories-Residences3Year Built1940Building Size-Lot Size0.21 AC / 9,281 SF
Property Information for 407 Ohio Place
Property History for 407 Ohio Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 407 Ohio Place
Taxable ValueLand$599,500Additions$199,000Total$798,500
Tax Record2023$11,173 ($931 / month)
Home Facts
Baths3Total Finished SqFt1,826 SqFtAbove Grade Finished SqFt1,826 SqFtStories1Lot Size9,281 SqFtStyleTriplexYear Built1940Year Renovated1995ZoningRSM9CountySARASOTAAPN2027-10-0106
Schools near 407 Ohio Place
This home is within Sarasota.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Southside Elementary School PublicPK to 5 | ||
Booker Middle School Public6 to 8 | ||
Sarasota High School Public9 to 12 | ||
Suncoast School For Innovative Studies CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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